Townhome Inventory on the Rise in Dearborn Park: Neighborhood Update

Start your Dearborn Park & Dearborn Mews home search here.

 

Dearborn Park & Dearborn Mews

Housing Type: Townhome

Market times are ultra low, which doesn't indicate that the inventory is on the rise. However, there are a few more townhomes listed since our last report and the average market time of those that are listed is 80 days. Although inventory is still quite low this market might be slowing down a touch which will give it some much needed time to build back up. The median sales price among condos was $500,000.

 

Price Range: $400,000-$800,000 

Price Range: $800,000+

Dearborn Park & Dearborn Mews 

Housing Type: Single Family

A few houses have come to the market and one went under contract in just under two months. They are nearly all listed for over $1m and almost all of them have 3 bedrooms. The least expensive is listed for $824,000 and also has 3 bedrooms. With a little work and some smart investment, it could be worth as much as the others, making it a steal for its next owner. 

Price Range: $800,000+

 

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 • August 10 2017 07:16PM

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