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Dearborn Park & Dearborn Mews
The only activity that occurred over the past month in the $400k+ price ranges was in townhomes. Two lower priced condos sold with a median sales price of $190,000 and an average market time of 19 days. Townhomes continue to mover quickly. One sold in only two days! The average market time for condo sales was 129 days, which shows that even when some homes are selling in less than a week a short market time is never guaranteed. Sellers still need to market their home carefully and price it accordingly. When there is so little inventory it is very easy for buyers to quickly learn the market and understand the value of different homes. The median sales price for townhomes was $527,000.
Housing Type: Townhome
Price Range: $400,000-$800,000
Start your Dearborn Park & Dearborn Mews 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.
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