Fast Moving Market in Wrightwood Sheffield: Neighborhood Update

Start your Wrightwood Sheffield/DePaul home search here.

 

Wrightwood Sheffield/DePaul

Housing Type: Condo

We've seen a few condos come to the market since last month, across the price ranges. They continue to sell very fast. The $600-700k range is the most telling, since there have been multiple sales, with an average market time of only 33 days! Sometimes, even in a fast market, nice homes don't sell as quickly. For example, the $800-900k sale took 111 days to market, but it's only the 3rd sale in this category over the past six months. Remember, as you get into the higher price ranges buyers tend to be more discerning and sometimes more willing to wait for what they want to come to the market. This is why, no matter how much competition you have, as a seller it is very important to have a strong marketing plan that will help you find the right buyer. The median sales price for condos in this neighborhood was $660,000

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

Wrightwood Sheffield/DePaul Chicago Real Estate Market Trends

 Wrightwood Sheffield/DePaul Chicago Real Estate Market Trends

Price Range: $800,000+

 Wrightwood Sheffield/DePaul Chicago Real Estate Market Trends

 Wrightwood Sheffield/DePaul Chicago Real Estate Market Trends

 

Wrightwood Sheffield/DePaul

Housing Type: Townhome

The townhome market is continuing to move very fast. There weren't any home available in the $700-800k range last month and now two have sold with an average market time of only 15 days. You can bet there are other buyers looking in that market! The median sales price for townhomes was $713,750.

Price Range: $400,000-800,000

 Wrightwood Sheffield/DePaul Chicago Real Estate Market Trends

Wrightwood Sheffield/DePaul Chicago Real Estate Market Trends

Price Range: $800,000+

Wrightwood Sheffield/DePaul Chicago Real Estate Market Trends

 Wrightwood Sheffield/DePaul Chicago Real Estate Market Trends

 

Wrightwood Sheffield/DePaul

Housing Type: Single Family Home

There hasn't been a lot of activity among the single family homes. The one day sale actually happened before the home was listed on the MLS. It pays to work with a well-connected agent. They won't always have a buyer lined up for your home, but when they do, what a quick sale you can have! The median sales price for single-family homes was $1,727,500.

Price Range: $400,000-800,000

 Wrightwood Sheffield/DePaul Chicago Real Estate Market Trends

 Wrightwood Sheffield/DePaul Chicago Real Estate Market Trends

Price Range: $800,000+

 Wrightwood Sheffield/DePaul Chicago Real Estate Market Trends

Wrightwood Sheffield/DePaul Chicago Real Estate Market Trends

 

Start your Wrightwood Sheffield/DePaul 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

Your Real Estate Partner

signature_1301872435

 

Visit: TerriBuseman.com

Cell: 312 208 5166

cid:image002.png@01D48D81.E31E2C10cid:image003.png@01D48D81.E31E2C10 cid:image004.png@01D48D81.E31E2C10 cid:image005.png@01D48D81.E31E2C10 cid:image006.png@01D48D81.E31E2C10 cid:image007.png@01D48D81.E31E2C10 

 

Comment balloon 0 commentsTerri Buseman • September 08 2016 01:14PM

Comments

Participate