More Inventory Among Bucktown Single Family Homes: Neighborhood Update

Start your Bucktown home search here.

Bucktown

Housing Type: Condo

Not very many condos came to the market since our last report and homes are still selling super fast. Most of them have a market time of under one month making the two price ranges with an average market time of 70 days look long, that's just over two months. To simply state Bucktown is still in a seller's market is nearly an understatement. This is great news for sellers, but it is still important to price your home for the market. Buyers are savvy and they don't want to overpay if they can just wait for another home to come to the market. The median sales price for condos in Bucktown was $500,000.

 

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

Price Range: $800,000+

 

Bucktown

Housing Type: Townhome

There is not a single townhome available right now. If you are thinking of selling your townhome you will see all of the traffic! Study the recent comps carefully and price your home accordingly. Even though you would be the only game in town the buyers will have to agree with your valuation and an appraiser will likely need to be convinced that the price is fair as well. The median sales price for townhomes was $547,500.

 

Price Range: $400,000-$800,000 

Bucktown

Housing Type: Single Family

For the most part the single family homes are still selling very fast. However, as we saw was coming in the last report the $1-2m range is now in a balanced market and it is approaching a buyers market. Seller's will notice the increase in competition in this price range and will need to take extra care in marketing their home. See the chart below for an explanation of how the month's supply of inventory affects what kind of market a home is in. The median sales price for single-family homes was $997,500. 

 

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

Price Range: $800,000+

 

 

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.ChicagoCityHomesForSale.com  

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Comment balloon 0 commentsTerri Buseman • July 16 2017 08:09PM
More Inventory Among Bucktown Single Family Homes: Neighborhood Update
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Start your Bucktown home search here Bucktown Housing Type: Condo Not very many condos came to the market since our last report and homes are still selling super fast. Most of them have a market time of under one month making the two price… more
Strong Seller's Market Continues in Bucktown: Neighborhood Update
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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
Demand is High in Bucktown: Neighborhood Update
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Start your Bucktown home search here Bucktown Housing Type: Condo More homes came to the market than went under contract or sold over the past month, which means inventory is increasing. However, with many market times in the single digits that… more
Listings Moving Fast in Bucktown: Neighborhood Update
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Start your Bucktown home search here Bucktown Housing Type: Condo Condos continue to sell quickly, as we saw last month With market times and month's supply of inventory at around or less than a month the seller's market is looking like it will… more
Bucktown Neighborhood Update: Year in Review 2016-2017
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Start your Bucktown home search here Bucktown Housing Type: Condo Sales have not slowed down from our last report We can see on the charts of activity for the past year that most condos have been selling in under two months. With the inventory… more
Bucktown Homes Continue to Sell Fast: Neighborhood Update
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Start your Bucktown home search here Bucktown Housing Type: Condo Like last month the same number of condos that have gone under contract have come to the market. This market is still moving pretty fast with an overall sales time of 33 days. We… more
Still Opportunities to Sell Quickly in Bucktown: Neighborhood Update
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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
Bucktown Homeowners Enjoying Quick Sales: Neighborhood Update
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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… more
New Construction Yet Seller's Market in Bucktown: Neighborhood Update
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Start your Bucktown home search here Bucktown Housing Type: Condo The condo market is still moving very fast, like last month with most homes selling in less than a month. The most movement has been in the $500-600k range. In our last report… more
How A Home Can Sit In A Seller's Market: Bucktown Neighborhood Update
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Start your Bucktown home search here Bucktown Housing Type: Condo Market times have climbed just a little bit since last month that in turn brought the month's supply of inventory up too. However, we are still looking at market times of less… more