One Streeterville Sale Changes Look of the Market: Neighborhood Update

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Housing Type: Condo

In our last report, the month's supply of inventory for the $400-500k range was 3.8. This month, after only 3 sales, it has jumped to 9.5, even though there are only 2 new listings. Of those three sales one home sold in 6 days, one sold in 32 days, and the other sold in 698 days. Currently, the average market time for the homes that are under contract is 166 days. This is a great example of how one listing can have a big effect on how the overall market looks. Had the third home sold in a month or so, like the others, we would still be looking at a month's supply of around 3 or 4. The median sales price for condos in Streeterville was $453,250.

Price Range: $400,000-$800,000 

Price Range: $800,000+


Housing Type: Townhome

One more townhome has come to the market in the same development as the others. Of the homes that do not have a landlease it is priced the lowest. However, as mentioned in the listing, the home can use a little updating. However, it is liveable. It seems that most of the work would be cosmetic. If that is the case this could be a very good deal for someone who wants to move to this neighborhood and take some time to make their house their own.

Price Range: $400,000-800,000

Price Range: $800,000+

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*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

Your Real Estate Partner




Cell: 312 208 5166

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Comment balloon 0 commentsTerri Buseman • October 06 2017 05:37PM