Still Opportunities to Sell Quickly in Bucktown: Neighborhood Update

Start your Bucktown home search here.

Bucktown

Housing Type: Condo

The most notable change since last month is in the $400-500k range where there were 4 condos under contract and only one available. Now 5 have sold, 1 is under contract, and there are 5 available. That means 6 condos have come to the market in that price range. It's some pretty quick movement, but currently, the average market time for the active homes is 41 days, so it is hard to tell if these homes will continue to sell so quickly. The median sales price for condos in Bucktown was $478,052.

 

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

Bucktown Chicago Real Estate Market Trends

Bucktown Chicago Real Estate Market Trends

Price Range: $800,000+

Bucktown Chicago Real Estate Market Trends

 

Bucktown

Housing Type: Townhome

Looks like market times are going to remain low in this neighborhood. There have been some quick contracts written. Interestingly the home that dropped its price after just over a week on the market is still available, but one that is listed for nearly the same price went under contract in just 17 days, that one has an additional bath and much lower assessments. The homes that are under contract have an average market time of 26 days and those that are available have an average of 42 days. Overall, townhomes are continuing to sell fast.

 

Price Range: $400,000-800,000 

Bucktown Chicago Real Estate Market Trends

 

Bucktown

Housing Type: Single Family

There haven't been a lot of changes among the single family homes. The ones that have sold had an average of 38 days on the market. Those that are under contract have an average of 163. When you look at them all together it seems like these homes are either selling very quickly or taking a few months. As a seller it is vital to do your best to price and market the home well, that will give you the best chance at selling quickly, but also be prepared for it to take a few months. The median sales price for single family homes in Bucktown was $717,500.

Price Range: $400,000-800,000

Bucktown Chicago Real Estate Market Trends

Bucktown Chicago Real Estate Market Trends

Price Range: $800,000+

Bucktown Chicago Real Estate Market Trends

Bucktown Chicago Real Estate Market Trends

 

Start your Bucktown 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 doeesn'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 2 commentsTerri Buseman • October 27 2016 09:44AM

Comments

Thank you for taking the time to prepare and share this vital data.  This is exactly the type of information that buyers and sellers need to make informed decisions. I'm sure they will appreciate your efforts! 

Posted by Jim Crawford, Jim Crawford Atlanta Best Listing Agents & REALTOR (RE/MAX Paramount Properties) over 1 year ago

Thanks Jim!

Posted by Terri Buseman, Downtown Chicago (RE/MAX Premier Properties) over 1 year ago

Participate