Condos Continue to Sell Fast in River West: Neighborhood Update

Start your River West/Fulton River District home search here.

 

River West/Fulton River District

Housing Type: Condo

Most homes continue to sell in less than two months and the month's supply of inventory is three months or less for River West condos. This is steady in comparison to our last report. Condos move fast in this neighborhood. They are in high demand which keeps the prices up. It is a great market for sellers. Now is a great time to list if you want to sell before the end of the year. The median sales price for River West condos was $433,250.

 

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

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Price Range: $800,000+

 

River West/Fulton River District

Housing Type: Townhome

A few townhomes have come to the market in the lower price ranges. The one that is under contract has a market time of 44 days. These homes sell, but they must be priced fairly. Even a home in a desirable community that shows well won't sell if it is overpriced. Sellers will have to consider how the home is presented online, in person, and on paper to make sure it shows well everywhere. 

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

Price Range: $800,000+


Start your River West/Fulton River District 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 • October 05 2017 06:37PM

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