Seller's Market Likely to Last Winter: Wicker Park Neighborhood Update

Start your Wicker Park home search here.

 

Wicker Park

Housing Type: Condo

Condos continue to sell in around one or two months across the board. The month's supply of inventory has even dropped! December is traditionally one of the slowest months for real estate, but this year is proving that wrong. These homes are so deep in a seller's market that we expect the pace of sales will continue through the winter. The median sales price for condos in Wicker Park was $478,500.  

 

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

Price Range: $800,000+ 

Wicker Park

Housing Type: Townhome

Can you believe a townhome sold in only a week? These homes continue to be in high demand. The homes that are active have an average market time of about four months. Seller's should be excited that the market is moving so fast and their homes are in high demand, but don't let that overbuild your confidence as a seller. You still need to price accordingly and market your home well to attract strong, excited buyers. The median sales price for townhomes was $568,875.  

 

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

Price Range: $800,000+

Wicker Park

Housing Type: Single Family

A few sales in the $1-2m range, with an average market time of just over two months, has brought those homes into a seller's market. Only the $2m+ houses are seeing a slightly balanced market, while everything else is seeing the same seller's market as the condos and townhomes. This winter is poised to be a great one for sellers in Wicker Park. The median sales price for single family homes was $1,295,000.

 

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

Price Range: $800,000+

Start your Wicker Park 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 • December 06 2017 09:49PM

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