Wicker Park, Chicago Neighborhood Market Update

Start your Wicker Park home search here.

In this blog series we will 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 only has condos) 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.

 

Wicker Park

Housing Type: Condo

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

 Wicker Park Chicago Real Estate Market Trends

Wicker Park Chicago Real Estate Market Trends

 

 

Wicker Park

Housing Type: Condo

Price Range: $800,000+

No change since last report.

 

There has been little change in the condo market for Wicker Park, since our last report. A few more have come to market, which is great. Inventory is less than two months across the board. Remember, we need 6 months of inventory for a balanced market. This means it is a seller's market, the declining market times are a sign of this as well. The median sales price for condos was $450,000.

 

Wicker Park

Housing Type: Townhome

Price Range: $400,000+

No change since last report.

 

Wicker Park

Housing Type: Single Family

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

Wicker Park Chicago Real Estate Market Trends

 

Wicker Park

Housing Type: Single Family

Price Range: $800,000+

Wicker Park Chicago Real Estate Market Trends

Again, there wasn't a lot of activity. One home went under contract. The average market time for the sold homes was 139 days and for those under contract it's only at 87 days. The median sales price for single family homes was $1,300,000.

 Start your Wicker Park home search here.

 

 


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

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Comment balloon 1 commentTerri Buseman • April 29 2016 12:19PM
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