Many Homes Selling in Under a Month in Sheffield: Neighborhood Update

Start your Wrightwood Sheffield/DePaul home search here.

Wrightwood Sheffield/DePaul

Housing Type: Condo

As was the case last month these homes are selling fast! Nearly half of the 17 homes that closed were on the market for less than a month. Of the homes that are under contract a little more than half went under contract in less than a month! The seller's market is continuing strong. If you are thinking about selling now is a great time to list. The median sales price for condos was $575,000.

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

Price Range: $800,000+

Wrightwood Sheffield/DePaul

Housing Type: Townhome

Just like the condos the townhomes are selling faster than one can keep up with. Nearly every one that is under contract has a market time of less than a month. The only one that took longer than a month to go under contract is new construction. There are lots of bidding wars happening. Buyers need to be decisive and sellers need to be ready to move. The median sales price for townhomes was $708,500.  

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

Price Range: $800,000+

 

Wrightwood Sheffield/DePaul

Housing Type: Single Family

While there hasn't been a lot of activity among the single family houses most of them are still in a seller's market. The homes that are listed for over $2m are taking longer to sell. With 17 listings they have the most competition. Many of them are new or only a few years old. The one that took 657 days to close was also new construction. Builders saw an opportunity in this market and they created inventory where it was lacking. If you are reselling your home it is very important to bring it up to date and make it look picture perfect to compete with the new homes. The median sales price for single family homes was $1,375,000.

 

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

Price Range: $800,000+


Start your Wrightwood Sheffield/DePaul home search here

http://chicagocityestatesblog.com/post/5017295/townhomes-selling-fast-in-sheffield--neighborhood-update

 

*In this blog series we focus on one of twenty neighborhoods in chicago, each da, 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

312-208-5166                               

Terri@TerriBuseman.com

www.TerriBuseman.com

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Comment balloon 0 commentsTerri Buseman • May 21 2017 09:54PM

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