Buyer Competition Continues in West Loop Gate: Neighborhood Update

Start your West Loop Gate home search here.

 

West Loop Gate

Housing Type: Condo

The number of homes for sale is just about the same as last month, but what that doesn't show is how many are coming to the market and selling in just days. Of the homes that closed 70% sold in a month or less and 40% of those that are under contract have a market time of a month or less. When these homes close we will really see how long it took to find a buyer for them. The past two months have been very rainy, which can slow traffic a bit, but even at that buyers are finding there is a lot of competition to make an offer on the homes that come available. The median sales price for condos last month was $383,200.

 

Price Range: $400,000-$800,000 

Price Range: $800,000+

 

Start your West Loop Gate 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 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.

 


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 • May 28 2017 11:49PM
Buyer Competition Continues in West Loop Gate: Neighborhood Update
share
Start your West Loop Gate home search here West Loop Gate Housing Type: Condo The number of homes for sale is just about the same as last month but what that doesn't show is how many are coming to the market and selling in just days. Of the… more
Demand Extremely High for Dearborn Park Homes: Neighborhood Update
share
Start your Dearborn Park & Dearborn Mews home search here Dearborn Park & Dearborn Mews Housing Type: Condo From 0 listings last month to 1 sold, 4 under contract, and 1 condo listed it's clear that the high demand for Dearborn Park… more
Corner Townhome with Landscaped Backyard
share
View current inventory of 2+ bedroom homes for sale in the Loop Listing Details Corner Townhome with Landscaped Backyard 1240 S Federal B, Chicago IL 60605 Original List Price: $439, 000 MLS number: 09637635 Bedrooms: 2 Bathrooms: 2 Call… more
End Unit Townhome with 3 Exposures
share
View current inventory of 2+ bedroom homes for sale in the Loop Listing Details End Unit Townhome with 3 Exposures 801 S Plymouth Ct V, Chicago IL 60605 Original List Price: $439, 000 MLS number: 09636693 Bedrooms: 2 Bathrooms: 2. 1 Call… more
Price for Visibility in the Prairie District: Neighborhood Update
share
Start your Prairie District Neighborhood home search here Prairie District Housing Type: Condo The seller's market continues as inventory remains close to the same as last month In general homes are selling very quickly. Even though in a… more
Many Homes Selling in Under a Month in Sheffield: Neighborhood Update
share
Start your Wrightwood Sheffield/DePaul home search here Wrightwood Sheffield/DePaul Housing Type: Condo As was the case last month these homes are selling fast! Nearly half of the 17 homes that closed were on the market for less than a month. Of… more
Inventory Remains Very Low in Museum Park: Neighborhood Updatde
share
Start your Museum Park at Central Station home search here Museum Park at Central Station Housing Type: Condo There weren't any significant changes since last month The inventory levels are staying steady and they are staying low. There are a… more
Pricing Right Sells Roscoe Village Townhome: Neighborhood Update
share
Start your Roscoe Village home search here Roscoe Village Housing Type: Condo Condos are still selling as fast as last month One of the ones that closed sold in only one day and another only took 4 days. One that is under contract also has a… more
High End Condos in Buyer's Market: Lakeview East Neighborhood Update
share
Start your Lakeview East home search here Lakeview East Housing Type: Condo A few more homes came to the market than went under contract or sold last month It wasn't enough to make much of a difference among the lower priced condos, however,… more
Strong Seller's Market Continues in Bucktown: Neighborhood Update
share
Start your Bucktown home search here Bucktown Housing Type: Condo Just like last month condos continue to sell very fast in Bucktown. The average market time for the homes that sold in the $400-500k range was 11 days and for those that are under… more