West Loop Market is Super Hot: Neighborhood Update

Start your West Loop home search here.

 *We apologize for the delay in our daily market updates. We have had some technical issues.

 

West Loop

Housing Type: Condo

Even though in many cases more homes came to the market than went under contract or sold since last month this market is still super hot! Overall the average market time for the condos that sold is only 27 days! The ones that are under contract have taken a little longer at 90 days, but the busy season is just starting. Typically most homes list in April, May, and June, so if you are thinking of selling now is a great time to list! The median sales price for condos over the past month was $379,750.

 

Price Range: $400,000-$800,000 

Price Range: $800,000+

West Loop

Housing Type: Townhome

The $2m home that was available last month has gone under contract. A handful of other townhomes have been listed, but, like the condos, they are selling very quickly. The two that are under contract have market times of 26 and 10 days. The median sales price for townhomes was $1,192,500.

 

Price Range: $400,000-800,000

Price Range: $800,000+

West Loop

Housing Type: Single Family

West Loop

Housing Type: Single Family

There have been no changes among the single family homes.

 

Price Range: $400,000-800,000



 

Start your West Loop 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 does 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

Your Real Estate Partner

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Visit: TerriBuseman.com

Cell: 312 208 5166

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Comment balloon 0 commentsTerri Buseman • May 05 2017 05:07PM

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