Inventory Declining Among Prairie District Condos: Neighborhood Update

Start your Prairie District Neighborhood home search here.

 

Prairie District

Housing Type: Condo

In general, inventory has been declining among condos, since our last report. It looks like there is a spike in the $600-700k range, however, most of the homes that are listed have been listed for less than a month. The last sale in this price range was about three months ago. The homes that are under contract currently have market times of 13 days and 40 days. The month's supply of inventory could drop when these two homes close. The median sales price for Prairie District condos was $365,025.

 

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

Price Range: $800,000+

Prairie District

Housing Type: Townhome

The townhome market has not slowed down a bit. Homes continue to sell in a matter of weeks. If you are ready to list your townhome be prepared for a lot of foot traffic. Still price your home accordingly. Buyers will wait if they think your home is priced too high. The median price for townhomes was $685,000.

Price Range: $400,000-800,000

Price Range: $800,000+

Prairie District

Housing Type: Single Family

Currently Keith House is the only mansion for sale in the Prairie District. It has been on the market for 128 days and the list price has been lowered to $2,795,000. 

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 0 commentsTerri Buseman • August 09 2017 09:10PM

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