Choices Among University Village Townhomes: Neighborhood Update

Start your University Village/Little Italy home search here.

 

University Village/Little Italy

Housing Type: Condo

Last month there had only been one condo sale and it took 592 days to sell. This month, again we only have one sale to look at, but this one only took a week! The month's supply of inventory shot up in the $400-500k range, but there is only one new listing. This is likely due to the incredibly long listing time of the sale from last month. Now that this month's sale took such little time we will probably see that number drop again next month. All-in-all inventory is still very low in the neighborhood. The desireable homes that are priced for the market are going to sell fast! The median sales price for condos was $285,377.

 

Price Range: $400,000-$800,000 

University Village Little Italy Chicago Real Estate Market Trends

University Village Little Italy Chicago Real Estate Market Trends

 

University Village/Little Italy

Housing Type: Townhome 

Just a few homes have come to the market and a couple more have gone under contract. The $500-600k range is still in a healthy balanced market. In much of the city when we see this it's due to new development, but not here. These are all resale properties. Buyers will appreciate that they have choices among these homes. Sellers will need to be a little competitive if they want to sell quickly. The median sales price for townhomes was $528,750.

 

Price Range: $400,000-800,000

University Village Little Italy Chicago Real Estate Market Trends

University Village Little Italy Chicago Real Estate Market Trends

Price Range: $800,000+

 

University Village/Little Italy

Housing Type: Single Family 

If you list your University Village home now it may take a few months to sell, but there is very little competition among the single family homes in this neighborhood. Those that are under contract have an average market time of 113 days. 

 

Price Range: $400,000-800,000

University Village Little Italy Chicago Real Estate Market Trends

Price Range: $800,000+

University Village Little Italy Chicago Real Estate Market Trends

 

Start your University Village/Little Italy 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

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Comment balloon 3 commentsTerri Buseman • August 26 2016 03:34PM

Comments

Love the report and the charts.  Thx for sharing.

I miss Chicago, especially the food.  Thx 

Posted by David Alan Baker Laveen & South Phoenix Realtor, Your local Expert (Keller Williams Realty Phoenix) over 2 years ago

Thank you for taking the time to share this market insight .  This is most informative to buyers and sellers alike that are trying to make informed decisions.

Posted by Jim Crawford, Jim Crawford Atlanta Best Listing Agents & REALTOR (Crye-Leike REALTORS®) over 2 years ago

Thanks David and Jim. David, you are right, it's a great city for foodies!

Posted by Terri Buseman, Downtown Chicago (RE/MAX Premier Properties) over 2 years ago

Participate