South Loop Townhomes Still Selling in Days: Neighborhood Update

aBegin your South Loop home search here. 

 

South Loop

Housing Type: Condo

Inventory levels are remaining stable since our last report. Most homes are taking a few months to sell. However, we are still largely seeing a seller's market among South Loop condos. As we head into the holiday season and the winter months the market can slow down a little bit. Don't let that frustrate you as a seller. Buyers are still out looking and typically those who look in the winter months are more serious about making an offer. The median sales price for condos was $380,000.

 

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

Price Range: $800,000+

 

South Loop

Housing Type: Townhome

With many townhomes continuing to sell in a matter of days, this market is still hot! This is great for pushing up prices, but sellers need to take care to price their homes for the market. and let the buyer's bid the price up, if the home is worth more than asking. The median sales price for townhomes was $907,335.

 

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

Price Range: $800,000+

South Loop

Housing Type: Single Family

There have been no changes among the single family homes. 

 

Price Range: $400,000-800,000

Price Range: $800,000+

Begin your South Loop home search here. 

*In this blog series we focus on one of twenty neighborhoods in Chicago 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 • November 15 2017 11:50PM

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