New Construction Helps University Village: Neighborhood Update

Start your University Village/Little Italy home search here.

University Village/Little Italy

Housing Type: Condo

Like last month condos are taking about 3 months to sell. They are selling for 98.6% of asking price. So, sellers are pricing their homes pretty close to market value. The neighborhood is still in a seller's market, but most homes are taking just a little bit of time to sell. The median sales price for condos in University Village was $312,750.

 

Price Range: $400,000-$800,000 

University Village/Little Italy

Housing Type: Townhome

A lot of the townhomes are new construction and many of those have long market times. Resale homes are still selling in a matter of months, keeping the seller's market strong in this neighborhood. The new construction was clearly needed as the entire neighborhood is still in a seller's market. The median sales price for townhomes in University Village/Little Italy was $465,000.

 

Price Range: $400,000-800,000

Price Range: $800,000+

University Village/Little Italy

Housing Type: Single Family

There have been no changes among the single family homes. 

 

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

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 • October 08 2017 05:15PM

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