Seller's Market Steady in University Village: Neighborhood Update

Start your University Village/Little Italy home search here.

University Village/Little Italy

Housing Type: Condo

Inventory levels are holding steady with homes coming to the market at about the rate that they go under contract. However, market times are increasing. The average market time for the homes that are under contract is 80 days, like in our last report, but now most of these homes have a market time of over 90 days. We will see what happens when they close. The median sales price for University Village condos was $29,000

 

Price Range: $400,000-$800,000 

 

University Village/Little Italy

Housing Type: Townhome

There hasn't been a lot of movement in this market. There were a few quick sales, but overall the inventory levels are about the same as they have been and the seller's market continues strong. The median sales price for townhomes was $575,000.

 

Price Range: $400,000-800,000

Price Range: $800,000+

University Village/Little Italy

Housing Type: Single Family

Other than the home that was under contract closing there have been no changes among the single family homes. That home sold for $810,025.

Price Range: $800,000+

 

Start your University Village/Little Italy 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 doesn't 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

312-208-5166                               

Terri@TerriBuseman.com

www.TerriBuseman.com

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Comment balloon 0 commentsTerri Buseman • July 08 2017 05:37PM

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