Price for Visibility in the Prairie District: Neighborhood Update

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 seller's market prices go up it is still important to price your home for visibility. When a handful of buyers make an offer on a home it has a better chance of selling for over the asking price. See the chart at the bottom for information on how to price for visibility. The median sales price for Prairie District condos was $365,000.

 

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

 

Price Range: $800,000+

Prairie District Chicago Real Estate Market Trends

Prairie District

Housing Type: Townhome

A few more homes came to the market, but the inventory levels are still very low, meaning there are more buyers looking for these homes than there are sellers. Just like the condos and any other property if it is priced for visibility you will have a better chance at a fast sale. The median price for townhomes was $644,000.

Price Range: $400,000-800,000

Price Range: $800,000+

Prairie District

Housing Type: Single Family

After being on and off the market for over a year one of the Prairie District mansions has sold. It was purchased in cash. These homes may take awhile to sell, but with persistance and patience the right buyer will come along. The home sold for $1,560,000. 

Price Range: $800,000+

 


 Start your Prairie District Neighborhood 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 free market report.

 

Terri Buseman

312-208-5166                               

Terri@TerriBuseman.com

www.ChicagoCityHomesForSale.com  

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Comment balloon 2 commentsTerri Buseman • May 22 2017 04:28PM
Price for Visibility in the Prairie District: Neighborhood Update
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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
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Prairie District Neighborhood Update: Year in Review 2016-2017
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Start your Prairie District Neighborhood home search here Prairie District Housing Type: Condo There wasn't a lot of activity since last month As this is a new year we decided to also chart these homes over the past 12 months. It's pretty… more
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*Our apologies, this blog was originally posted as scheduled on 12/5, but the post disappeared with no recovery options. Start your Prairie District Neighborhood home search here Prairie District Housing Type: Condo A few more condos have… more
Seller's Needed in the Prairie District: Neighborhood Update
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Start your Prairie District Neighborhood home search here Prairie District Housing Type: Condo This neighborhood needs more sellers! A few condos have gone under contract or sold since last month but nothing new has come to the market. One… more
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Start your Prairie District Neighborhood home search here Prairie District Housing Type: Condo There has been very little activity among the condos since last month Overall, 5 homes have come to the market. The selling rates are staying… more
Room for More Sellers in the Prairie District: Neighborhood Update
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Start your Prairie District Neighborhood home search here Prairie District Housing Type: Condo Two of the homes that sold did so very quickly, but overall market times are probably about the same as last month Those that are under contract… more
Market Times Increasing in the Prairie District: Neighborhood Update
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Start your Prairie District Neighborhood home search here Prairie District Housing Type: Condo Average market times have climbed since last month Inventory levels are also moving up a little bit, but there is still room for a lot more to… more