Demand Extremely High for Dearborn Park Homes: Neighborhood Update

Start your Dearborn Park & Dearborn Mews home search here.

 

Dearborn Park & Dearborn Mews

Housing Type: Condo

From 0 listings last month to 1 sold, 4 under contract, and 1 condo listed it's clear that the high demand for Dearborn Park continues. Only one home has a listing time of over a month. It is the home that had expired in our last report. The home is now under contract. It was relisted on May 6. Two changes were made to the listing; the price was raised to $410,000 and the showing restriction was lifted by an hour to no showings after 6:00 p.m. Of course, we can't be sure that those changes are what sold the home, but considering they were the two changes we suggested could help visibility, it's quite possible that's what did the trick! The median sales price for condos in Dearborn Park was $257,750.

 

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


Dearborn Park & Dearborn Mews

Housing Type: Townhome

Townhomes are still moving at lightning speed. In the $400-500k range there were only 2 homes available last month, but since them 5 homes went under contract or sold and 7 came to the market. In the higher prices there had been only 1 home under contract. It has sold and 3 more came to the market, 2 of which are already under contract. The median sales price for townhomes was $457,503.

 

Price Range: $400,000-$800,000 

Price Range: $800,000+

Dearborn Park & Dearborn Mews 

Housing Type: Single Family

There have been no changes among the single family homes. 

Price Range: $800,000+

Dearborn Park & Dearborn Mews Chicago Real Estate Market Trends

 

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.

 


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 28 2017 11:11PM

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