Old Town Sellers Can List & Close Before Year End: Neighborhood Update

Start your Old Town home search here.

 

Old Town & Old Town Triangle 

Housing Type: Condo

We've seen a slight increase in homes for sale in the $500-600k range, since our last report. It's not enough to greatly affect the month's supply of inventory. Homes are still selling in only a month or two. A seller still has an opportunity to close before the end of the year if he lists now. The median sales price for condos in Old Town was $307,450.

 

Price Range: $400,000-800,000

Price Range: $800,000+

Old Town & Old Town Triangle 

Housing Type: Townhome

There is still plenty of room in this market for more sellers. Buyers are looking and homes are selling in only a month or two. Just like the condos sellers could still close before the end of the year if they list now. The median sales price among townhomes was $1,028,750.

 

Price Range: $400,000-800,000

Price Range: $800,000+

 

Old Town & Old Town Triangle

Housing Type: Single Family

While it takes longer to sell a single family home in Old Town many are still selling in only 4-5 months, keeping these homes in a seller's market. Buyers continue to look, so seller's can expect to get a fair price for their home. The median sales price of single family homes was $917,500.

 

Price Range: $600,000-1,000,000 

 

Price Range: $1,000,000+

Start your Old Town 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 • October 12 2017 06:50PM

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