Bucktown Homeowners Enjoying Quick Sales: Neighborhood Update

Start your Bucktown home search here.

 

Bucktown

Housing Type: Condo

There has been a big spike in available listings in the $500-600k range. Most of them came to the market shortly after last month's report, so the average market time for active listings is 43 days so far. Only two of them are in a new construction building. Market times have continued to be very low, but with this additional inventory, we could see them start to increase a little, at least in the $500-600k range. The median sales price for condos in Bucktown was $475,000.

 

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

Bucktown Chicago Real Estate Market Trends

Bucktown Chicago Real Estate Market Trends

Price Range: $800,000+

Bucktown Chicago Real Estate Market Trends

 

Bucktown

Housing Type: Townhome

There hasn't been a lot of activity among the townhomes. One home did drop it's price to the $400-500k range after just over a week on the market. The sellers might be trying to aggressively market their home for a quick sale. It will be interesting to see if they can help keep market times low among these homes. The home that closed sold for $675,000.

 

Price Range: $400,000-800,000 

Bucktown Chicago Real Estate Market Trends

Bucktown Chicago Real Estate Market Trends

 

Bucktown Chicago Real Estate Market Trends

 

Bucktown

Housing Type: Single Family

The lower price ranges are moving very quickly. Some homes are going under contract almost as soon as they hit the market. There have been 7 new listings in the $1-2m range and now the balance of new construction to resale houses is about 50/50 in that price range. Month's supply of inventory is still staying very low, which means prices are looking up. The serious seller who takes care to market his home well and prices it close to its market value will likely be under contract in no time! The median sales price for single family homes in Bucktown was $714,250.

Price Range: $400,000-800,000

Bucktown Chicago Real Estate Market Trends

Bucktown Chicago Real Estate Market Trends

Price Range: $800,000+

Bucktown Chicago Real Estate Market Trends

Bucktown Chicago Real Estate Market Trends

 

Start your Bucktown 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 doeesn'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

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Comment balloon 2 commentsTerri Buseman • September 29 2016 12:04PM
Bucktown Homeowners Enjoying Quick Sales: Neighborhood Update
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