Some River North Condos in a Balanced Market: Neighborhood Update

Start your River North home search here.

 

River North

Housing Type: Condo

Condos are still selling fast, as they were last month. They are being listed at close to the same rate as they are selling, but in the higher price ranges there has been an increase in listings which has pushed the month's supply of inventory up. Most of the neighborhood continues to be in a seller's market. However, the higher priced homes are pushing into a balanced market. The median sales price of River North condos was $425,000.

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

Price Range: $800,000+

River North

Housing Type: Townhome

There hasn't been a lot of activity among the townhomes. Most of the ones that were under contract have now closed and sold in less than a month. Two homes are under contract, one has a market time of 36 days. The other is a short sale with two lenders, it has a market time of  331 days, but is also in need of a complete rehab. Overall, move-in ready townhomes are continuing to sell very fast. The median price for townhomes was $1,025,000.

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

Price Range: $800,000+

River North

Housing Type: Single Family

The home that was available last month lowered its price by $99,000 and another home has come to the market. 

Price Range: $800,000+

 

Start your River North 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.

 


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Terri Buseman

312-208-5166                               

Terri@TerriBuseman.com

www.ChicagoCityHomesForSale.com  

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Comment balloon 1 commentTerri Buseman • June 17 2017 05:43PM
Some River North Condos in a Balanced Market: Neighborhood Update
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