One Streeterville Sale Changes Look of the Market: Neighborhood Update

Start your Streeterville home search here. 

 

Streeterville

Housing Type: Condo

In our last report, the month's supply of inventory for the $400-500k range was 3.8. This month, after only 3 sales, it has jumped to 9.5, even though there are only 2 new listings. Of those three sales one home sold in 6 days, one sold in 32 days, and the other sold in 698 days. Currently, the average market time for the homes that are under contract is 166 days. This is a great example of how one listing can have a big effect on how the overall market looks. Had the third home sold in a month or so, like the others, we would still be looking at a month's supply of around 3 or 4. The median sales price for condos in Streeterville was $453,250.

Price Range: $400,000-$800,000 

Price Range: $800,000+

Streeterville

Housing Type: Townhome

One more townhome has come to the market in the same development as the others. Of the homes that do not have a landlease it is priced the lowest. However, as mentioned in the listing, the home can use a little updating. However, it is liveable. It seems that most of the work would be cosmetic. If that is the case this could be a very good deal for someone who wants to move to this neighborhood and take some time to make their house their own.

Price Range: $400,000-800,000

Price Range: $800,000+


Start your Streeterville 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

Chicago City Estates Logo         

FB Icon          Twitter Icon         Linked In Icon

 

 

Comment balloon 0 commentsTerri Buseman • October 06 2017 05:37PM
One Streeterville Sale Changes Look of the Market: Neighborhood Update
share
Start your Streeterville home search here Streeterville Housing Type: Condo In our last report the month's supply of inventory for the $400-500k range was 3. 8. This month, after only 3 sales, it has jumped to 9. 5, even though there are only… more
Great Time for Streeterville Buyers & Sellers: Neighborhood Update
share
Start your Streeterville home search here Streeterville Housing Type: Condo As we were seeing in our last report much of Streeterville is in a balanced market and the higher priced condos, $1m+ are just barely in a buyers market. This… more
Is Streeterville Approaching a Buyer's Market? Neighborhood Update
share
Start your Streeterville home search here Streeterville Housing Type: Condo In most price ranges more condos came to the market than went under contract since our last report. This is pushing the inventory up slightly in most categories and… more
More Listings Hit the Streeterville Spring Market: Neighborhood Update
share
Start your Streeterville home search here Streeterville Housing Type: Condo There wasn't exactly a surge in listings, but they did pick up a bit from last month, especially in the $400-600k range. The month's supply of inventory in the $500… more
Inventory Steady in Streeterville: Neighborhood Update
share
Start your Streeterville home search here Streeterville Housing Type: Condo Last month we warned that if there is a surge in new listings we may see a balanced market among the Streeterville condos. We haven't seen a surge this month. Most… more
Sellers Getting off the Fence in Streeterville: Neighborhood Update
share
Start your Streeterville home search here Streeterville Housing Type: Condo Just a few more condos came to the market since last month than went under contract and/or sold. Which is great because these homes are selling fast! Look at the $700… more
Streeterville Neighborhood Update: Year in Review 2016-2017
share
Start your Streeterville home search here Streeterville Housing Type: Condo Last month we talked about how quickly some condos are selling in this neighborhood. This is still happening, there were two recent closings in the $700-800k range… more
Streeterville Homes Selling Fast in the Year End: Neighborhood Update
share
Start your Streeterville home search here Streeterville Housing Type: Condo We have seen some very quick sales since last month. Overall the average market time for closed condos is 91 days. Of the 21 that sold, 9 sold in under a month! Only… more
Great Marketing Sells a Townhome in Streeterville: Neighborhood Update
share
Start your Streeterville home search here Streeterville Housing Type: Condo The biggest increase in listings from last month is in the $400-500k range. Considering the median sales price for condos in this neighborhood was $385, 000 this… more
Streeterville Townhomes Use Varied Marketing Modes:Neighborhood Update
share
Start your Streeterville home search here Streeterville Housing Type: Condo Just as we saw last month the market is continuing to balance out in Streeterville. We are seeing a slight uptick in inventory as well. Homes are continuing to sell… more