Condos & Townhomes Selling Fast in Lincoln Park: Neighborhood Update

Start your Lincoln Park home search here.

 

Lincoln Park

Housing Type: Condo

The condo market in Lincoln Park is still moving fast, like last month. Only a few more homes are coming to the market than are selling, so inventory levels are remaining steady. For most homes, market times are still hovering around a month. The toughest segment of these, for home sellers, are the homes listed for over $1m. Nearly half of these are new construction, which is why this market has a spike in inventory. The median sales price for condos was $393,500.

Price Range: $400,000-$800,000

Lincoln Park Chicago Real Estate Market Trends

Lincoln Park Chicago Real Estate Market Trends

Price Range: $800,000+

Lincoln Park Chicago Real Estate Market Trends

Lincoln Park Chicago Real Estate Market Trends

 

Lincoln Park

Housing Type: Townhome

There continues to be a flurry of activity among townhomes in Lincoln Park. In the upper price ranges we have seen a lot of homes go under contract and even more come to the market. This is also happening in the lower price ranges, but in lower numbers. Across the board the average market time of the sold homes is less than a month, but we might see this slow a little as the average market time of those under contract is 70 days. The median sales price for townhomes was $500,000.

Price Range: $400,000-800,000

Lincoln Park Chicago Real Estate Market Trends

Lincoln Park Chicago Real Estate Market Trends

Price Range: $800,000+

Lincoln Park Chicago Real Estate Market Trends

Lincoln Park Chicago Real Estate Market Trends

 

Lincoln Park

Housing Type: Single Family

The single family market has been a little cooler than it was last month, with just a few homes coming to the market. There have still been some pretty quick sales, but for most sellers it has taken a few months. We are entering the holiday season and in past years this has been a slower time in real estate. If you are planning to list your home it can certainly still sell, but be very careful with the pricing and marketing to paint an accurate picture and attract the most serious buyers. If you are planning to decorate keep your decorations to a minimum so they can highlight the best features of your home. The median sales price for single family homes was $1,682,750.

Price Range: $1m-5m

Lincoln Park Chicago Real Estate Market Trends

Lincoln Park Chicago Real Estate Market Trends

Price Range: $5m+

Lincoln Park Chicago Real Estate Market Trends

 

 

Start your Lincoln Park home search here. 

 

 

*In this blog series we focus on one of twenty neighborhoods in Chicago, each day, and provide charts to give you a brief update on the activity that neighborhood has seen over the past month in a variety of price ranges for Single Family Homes, Townhouses, and Condos, as available.

When looking at these charts please keep in mind that not every housing type is available in every neighborhood (the Loop doesn't have houses) and some homes compete within even smaller subsections than these, meaning we can dig even further in this data. Please let me know if you would like a personal assessment of your target market.

 


For information about real estate in Chicago or resources in your area please contact us and sign up for our free market report!

 

Terri Buseman

312-208-5166                               

Terri@TerriBuseman.com

www.TerriBuseman.com

Chicago City Estates Logo         

FB Icon          Twitter Icon         Linked In Icon

 

 

Comment balloon 0 commentsTerri Buseman • October 27 2016 12:04PM
Condos & Townhomes Selling Fast in Lincoln Park: Neighborhood…
share
Start your Lincoln Park home search here Lincoln Park Housing Type: Condo The condo market in Lincoln Park is still moving fast, like last month Only a few more homes are coming to the market than are selling, so inventory levels are… more
Still Opportunities to Sell Quickly in Bucktown: Neighborhood Update
share
Start your Bucktown home search here Bucktown Housing Type: Condo The most notable change since last month is in the $400-500k range where there were 4 condos under contract and only one available. Now 5 have sold, 1 is under contract, and there… more
Inventory Increasing in Wicker Park: Neighborhood Update
share
Start your Wicker Park home search here Wicker Park Housing Type: Condo Last month we mentioned that there was a slight increase in condos for sale and this month we can see that trend continues. Homes are still selling very fast, so the… more
Condo Sales Not Slowing in Old Town: Neighborhood Update
share
Start your Old Town home search here Old Town & Old Town Triangle Housing Type: Condo Don't let the average days on market fool you, there has been some very quick movement in the $600-800k range since last month There were 3 under… more
University Village Market Slowing Down: Neighborhood Update
share
Start your University Village/Little Italy home search here University Village/Little Italy Housing Type: Condo There haven't been many changes from last month There was one quick sale in the $400-500k range, but the one that is under contract… more
West Loop Condo Market Still Sizzling! Neighborhood Update
share
Start your West Loop home search here West Loop Housing Type: Condo The West Loop continues to be a hot market for condos. Most notably in the $400-600k range where 24 homes have come to the market since last month but they are selling so… more
Are Gold Coast Condos Entering a Buyer's Market? Neighborhood Update
share
Start your Gold Coast home search here Gold Coast Housing Type: Condo As we saw last month homes are coming to the market faster than they are selling. Most of the neighborhood is seeing a pretty balanced market among the condos, but the market… more
Streeterville Townhomes Use Varied Marketing Modes:Neighborhood Update
share
Start your Streeterville home search here Streeterville Housing Type: Condo Just as we saw last month the market is continuing to balance out in Streeterville. We are seeing a slight uptick in inventory as well. Homes are continuing to sell… more
Downtown Condo Across from Grant Park for Rent
share
View current inventory of 1 bedroom condos for rent in the South Loop Listing Details Michigan Avenue Condo for Rent 910 S Michigan #1308, CHICAGO, IL 60605 Original List Price: $1, 750/mo MLS number: 09368355 Bedrooms: 1 Bathrooms: 1.. more
Is the River West Condo Market Cooling? Neighborhood Update
share
Start your River West/Fulton River District home search here River West/Fulton River District Housing Type: Condo A few properties have come to the market, but not many have sold. Last month the market time for sold homes was pretty low, less… more