Loop Market is Steady: Neighborhood Update

Begin your Chicago Loop home search here.

 

Loop

Housing Type: Condo

The balanced market we were seeing take form in our last report is holding steady. This makes this market great for buyers and sellers of homes priced over $600k. The seller's market is still strong among the lower priced homes where not only is the inventory low homes are also selling at a fast pace. Buyers need to be ready to make a decision when they find a home they like. The median sales price for condos was $335,000.

 

Price Range: $400,000-$800,000 

Price Range: $800,000+

Loop

Housing Type: Townhome

All of the townhomes that are available are in Dearborn Park. More homes have come to the market since our last report, but they are still selling pretty fast. None of the homes have been on the market for more than 100 days. The homes that are currently available represent a good variety. One is a 2b/1.1ba, another is 3b/2.1ba and the third is 4b/3.1ba, providing an option for families big or small. 

 

Price Range: $400,000-$800,000 

 

Price Range: $800,000+

 

Begin your Chicago Loop 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

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Comment balloon 0 commentsTerri Buseman • August 13 2017 09:12PM
Loop Market is Steady: Neighborhood Update
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