Price for Visibility in the Prairie District: Neighborhood Update

Start your Prairie District Neighborhood home search here.

 

Prairie District

Housing Type: Condo

The seller's market continues as inventory remains close to the same as last month. In general homes are selling very quickly. Even though in a seller's market prices go up it is still important to price your home for visibility. When a handful of buyers make an offer on a home it has a better chance of selling for over the asking price. See the chart at the bottom for information on how to price for visibility. The median sales price for Prairie District condos was $365,000.

 

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

 

Price Range: $800,000+

Prairie District Chicago Real Estate Market Trends

Prairie District

Housing Type: Townhome

A few more homes came to the market, but the inventory levels are still very low, meaning there are more buyers looking for these homes than there are sellers. Just like the condos and any other property if it is priced for visibility you will have a better chance at a fast sale. The median price for townhomes was $644,000.

Price Range: $400,000-800,000

Price Range: $800,000+

Prairie District

Housing Type: Single Family

After being on and off the market for over a year one of the Prairie District mansions has sold. It was purchased in cash. These homes may take awhile to sell, but with persistance and patience the right buyer will come along. The home sold for $1,560,000. 

Price Range: $800,000+

 


 Start your Prairie District Neighborhood 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 free market report.

 

Terri Buseman

312-208-5166                               

Terri@TerriBuseman.com

www.TerriBuseman.com

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Comment balloon 2 commentsTerri Buseman • May 22 2017 04:28PM

Comments

Nice report Terri. This is great information for both buyers & sellers in the Prairie District of Chicago. I like your use of graphs to illustrate the market activity. Have a nice day!

Posted by Debe Maxwell, CRS, Charlotte Homes for Sale - Charlotte Neighborhoods (www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310) over 1 year ago

Thanks Debe!

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

Participate