River West (Chicago, IL)
By Terri Buseman, Downtown Chicago
(RE/MAX Premier Properties)
Start your River West/Fulton River District home search here. River West/Fulton River DistrictHousing Type: CondoMarket times remain low, as we have been seeing, and inventory is not being replenished very fast. The average market time for all of the condos that have sold is only 30 days and for the homes that are available, it is currently 108 days. The buyers that are looking are ready to make an offer and there aren't very many homes to choose from. Sellers will see the majority of the buyer's pool as soon as they list their home. With a great first impression, most homes are likely to sell fast. The median sales price for River West condos was $451,500. Price Range: $400,000-$800,000Price Range: $800,000+ River West/Fulton River DistrictHousing Type: TownhomeJust like the condos, to...
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By Terri Buseman, Downtown Chicago
(RE/MAX Premier Properties)
Start your River West/Fulton River District home search here. River West/Fulton River DistrictHousing Type: CondoMost homes continue to sell in less than two months and the month's supply of inventory is three months or less for River West condos. This is steady in comparison to our last report. Condos move fast in this neighborhood. They are in high demand which keeps the prices up. It is a great market for sellers. Now is a great time to list if you want to sell before the end of the year. The median sales price for River West condos was $433,250. Price Range: $400,000-$800,000.Price Range: $800,000+ River West/Fulton River DistrictHousing Type: TownhomeA few townhomes have come to the market in the lower price ranges. The one that is under contract has a market time of 44 days. These...
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By Terri Buseman, Downtown Chicago
(RE/MAX Premier Properties)
Start your River West/Fulton River District home search here. River West/Fulton River DistrictHousing Type: CondoThe homes that sold did so very quickly, but there are now more homes on the market than there were in our last report. However, inventory remains extremely low. If you are thinking about selling and think you missed the summer market it's ok, there is still time to list. Homes may not traditionally sell as fast in the off season, but with such little inventory the seasonality of the market is subdued. Buyers who come out even after the summer months tend to be more serious about finding a home. Serious buyers plus low competition makes a great opportunity for any seller. The median sales price for River West condos was $399,750. Price Range: $400,000-$800,000Price Range: $80...
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By Terri Buseman, Downtown Chicago
(RE/MAX Premier Properties)
Start your River West/Fulton River District home search here. River West/Fulton River DistrictHousing Type: CondoThe market is holding steady compared to our last report. Inventory levels are still quite low, save for the $1-2m market, which is balanced. Even in this fast market we can still come across homes that will take a long time to sell. The home that closed in the $700-800k range took nearly a year to sell. It was a gut rehab and looks stunning in the pictures. Through it's listing time it had the same agent and same great description. The major difference between when it was first listed and what it sold for was nearly $100,000. Price is possibly one of the most important factors in your listing. Even the most beautifully designed homes won't sell if they aren't priced for the ...
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By Terri Buseman, Downtown Chicago
(RE/MAX Premier Properties)
Start your River West/Fulton River District home search here. River West/Fulton River DistrictHousing Type: CondoAs we've been seeing, listings are selling very fast. The inventory is being replenished just as quickly as it is selling, which is keeping the inventory levels down. Buyers will still need to be prepared to make an offer as soon as the find the home they love and sellers will want to make sure their home is in great order as soon as they list. Buyers are flocking to new listings, giving sellers a chance at a very quick closing. The median sales price for River West condos was $451,100. Price Range: $400,000-$800,000Price Range: $800,000+River West/Fulton River DistrictHousing Type: TownhomeThe home that was under contract last month at $1,700,000 sold for list price. The one...
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By Terri Buseman, Downtown Chicago
(RE/MAX Premier Properties)
Start your River West/Fulton River District home search here. River West/Fulton River DistrictHousing Type: CondoLast month we mentioned that 9 out of the 11 homes that were listed in the course of that month went under contract. This month there were 13 new listings, 5 of which have already gone under contract. That is still nearly 40% of the homes that were listed. Even if one month may be a touch slower than the last we are still deep in a seller's market. In fact, most of the actively listed homes have been on the market for less than 2 months. River West condos are moving fast! The median sales price for condos in River West & the Fulton River District was $410,000. Price Range: $400,000-$800,000Price Range: $800,000+River West/Fulton River DistrictHousing Type: TownhomeFour of the...
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By Terri Buseman, Downtown Chicago
(RE/MAX Premier Properties)
Start your River West/Fulton River District home search here. River West/Fulton River DistrictHousing Type: CondoNine of the eleven homes that are under contract in the $400-500k range were newly listed after our last report. All the homes that are under contract in that price range have and average market time of 35 days. Many sellers are used to the idea of waiting for spring to list their home, but this winter is throwing that trend out the window. Since inventory has been so low buyers are ready to jump as soon as the home they like comes to the market. If you are thinking of selling now is a great time to list your home! The median sales price for condos in River West & the Fulton River District was $406,000. Price Range: $400,000-$800,000Price Range: $800,000+River West/Fulton Riv...
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