Old Town Market Differs from Nearby Gold Coast: Neighborhood Update

Start your Old Town home search here.

 

Old Town & Old Town Triangle 

Housing Type: Condo

Condos are continuing to sell fast in Old Town which is keeping the seller's market, we've been watching, going strong. Interestingly, this is in contrast to the Gold Coast, the small neighborhood just south of Old Town, which as we saw in our report yesterday, is in a balanced market and in some price ranges even in a buyer's market. This is a great example of how local real estate is. And how even among the many, many neighborhoods in Chicago you can find big differences in how the market is behaving. The median sales price for condos in Old Town was $330,000.

 

Price Range: $400,000-800,000

Price Range: $800,000+

 

 

Old Town & Old Town Triangle 

Housing Type: Townhome

There has been a nice spike in listings among the townhomes, which is great! They are still very much in a seller's market, but with a few more choices buyers can feel more confident that the home they choose is one they will enjoy for a long time. The median sales price among townhomes was $626,000.

 

Price Range: $400,000-800,000

 

 

 

Price Range: $800,000+

 

Old Town & Old Town Triangle

Housing Type: Single Family

We've seen a slight increase in listings in the higher price ranges, which is pushing them into a balanced market. The average closing time overall was 97 days. However, the home that has a listing time of 995 days is still under contract. We'll keep an eye out for when it closes to see what affect it has on the market. The median sales price of single family homes was $1,350,000.

 

Price Range: $600,000-1,000,000 

 

 

Price Range: $1,000,000+

Start your Old Town 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!

Price Range: $400,000-800,000
Price Range: $400,000-800,000
Price Range: $400,000-800,000
Price Range: $600,000-1,000,000
Price Range: $600,000-1,000,000

 

Terri Buseman

312-208-5166                               

Terri@TerriBuseman.com

www.ChicagoCityHomesForSale.com  

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Comment balloon 2 commentsTerri Buseman • July 12 2017 09:57PM
Old Town Market Differs from Nearby Gold Coast: Neighborhood Update
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Start your Old Town home search here Old Town & Old Town Triangle Housing Type: Condo While condo sales in this market have continued to move as fast as last month there weren't very many new listings this month. You may also notice that it… more
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Start your Old Town 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… more