Condos Continue to Sell Fast in Roscoe Village: Neighborhood Update

Start your Roscoe Village home search here.

*Allow me to let you in on a little industry secret. We have two ways of collecting these numbers for you. One is through a reporting program in the MLS called Infosparks. The other is by manually looking up the data in the MLS. Infosparks is great for a quick view of the market, however, if you want to dig deeper you need to go to the actual MLS, look up the data manually and you may find that the numbers don't quite match what you found on Infosparks. Infosparks is updated often, but not as often as the MLS and it doesn't show exactly what properties it is reporting on. In providing these reports via Infosparks we have come across some times in which we wanted to dig deeper, but couldn't verify exactly which properties were in the report. Due to that we are now gathering this data straight from the MLS, so if we want to dig deeper the listings we are reporting on will be right at our fingertips.

 

Roscoe Village

Housing Type: Condo

The condo market in Roscoe Village continues to be hot from last month. Properties are selling faster than inventory can keep up. This is keeping the month's supply of inventory close to only one. Seller's with homes that are priced for the market and well staged can expect to see bidding wars for their properties. The median sales price for condos was $440,000.

 

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

Roscoe Village Chicago Real Estate Market Trends

Roscoe Village Chicago Real Estate Market Trends

Price Range: $800,000+

Roscoe Village Chicago Real Estate Market Trends

 

Roscoe Village

Housing Type: Single Family

Single family houses are still selling pretty quickly, keeping the month's supply of inventory low for every market except the $1-2m range. Of the 29 houses in that range there are still 12 that are new construction. Those homes have a median price of $1,549,950 and an average market time of 162, so far. The average market time of all of the houses that are under contract is 88 days. The median sales price for all single family homes in Roscoe Village was $1,505,750.

 

Price Range: $400,000-800,000

Roscoe Village Chicago Real Estate Market Trends

Price Range: $800,000+

Roscoe Village Chicago Real Estate Market Trends

Roscoe Village Chicago Real Estate Market Trends

 

Start your Roscoe Village 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!

 

Terri Buseman

312-208-5166                               

Terri@TerriBuseman.com

www.TerriBuseman.com

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Comment balloon 1 commentTerri Buseman • July 07 2016 12:25PM

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(312) 208-5166 Terri BusemanReal Estate Agent with RE/MAX Premier Properties in Downtown Chicago.

Posted by Will Nesbitt, Nesbitt Realty is a family-run brokerage. (Nesbitt Realty at Condo Alexandria) about 2 years ago

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