Sheffield Neighborhood (Chicago, IL)
By Terri Buseman, Downtown Chicago
(RE/MAX Premier Properties)
Start your Wrightwood Sheffield/DePaul home search here. Wrightwood Sheffield/DePaulHousing Type: CondoMost condos have continued to sell in a month or less, as we have been seeing. Two homes sold in the $700-800k range, one took 36 days to sell, but the other took 223 days. That home was first listed in February for $950,000 and sold for $725,000. We can't stress enough how important it is for sellers to price their home close to its actual value. It can be tempting to price high in a seller's market, when home values are increasing, but in the end buyers are the ones who determine fair value. That will happen either by the seller pricing close to fair value or through a bidding war, when a home sells for over list price. The median sales price for condos in this neighborhood was $525,...
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By Terri Buseman, Downtown Chicago
(RE/MAX Premier Properties)
Start your Wrightwood Sheffield/DePaul home search here.Wrightwood Sheffield/DePaulHousing Type: CondoMarket times continue to be low, as does the month's supply of inventory. As we were noting last month this neighborhood is still very much in a seller's market. There was a small spike in listings in the $500-600k range, but the two homes that sold in that price range had an average sales time of only 7 days. We expect this market will continue at this pace through the end of the year. The median sales price for condos was $480,000.Price Range: $400,000-$800,000Price Range: $800,000+Wrightwood Sheffield/DePaulHousing Type: TownhomeA few more listings have come to the market, giving buyers a small choice. However, it's not nearly enough to change the market. Townhomes are still selling ...
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By Terri Buseman, Downtown Chicago
(RE/MAX Premier Properties)
Start your Wrightwood Sheffield/DePaul home search here.Wrightwood Sheffield/DePaulHousing Type: CondoCondos continue to sell fast and in some price ranges the month's supply of inventory is even lower than it was in our last report. While there were a few homes that took over 100 days to sell over 80% of the homes that closed sold in less than 100 days, in fact, most of them took less than 40 days to sell. More of the active homes have been on the market for over 40 days, but 65% of them have been on for less than 100 days so far. We could see market times pick up a bit as we head into fall, but it will take awhile for the inventory to build enough to be a buyer's market. The median sales price for condos was $587,500.Price Range: $400,000-$800,000 Price Range: $800,000+Wrightwood Shef...
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By Terri Buseman, Downtown Chicago
(RE/MAX Premier Properties)
Start your Wrightwood Sheffield/DePaul home search here.Wrightwood Sheffield/DePaulHousing Type: CondoAs was the case last month these homes are selling fast! Nearly half of the 17 homes that closed were on the market for less than a month. Of the homes that are under contract a little more than half went under contract in less than a month! The seller's market is continuing strong. If you are thinking about selling now is a great time to list. The median sales price for condos was $575,000.Price Range: $400,000-$800,000Price Range: $800,000+Wrightwood Sheffield/DePaulHousing Type: TownhomeJust like the condos the townhomes are selling faster than one can keep up with. Nearly every one that is under contract has a market time of less than a month. The only one that took longer than a mo...
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By Terri Buseman, Downtown Chicago
(RE/MAX Premier Properties)
Start your Wrightwood Sheffield/DePaul home search here.Wrightwood Sheffield/DePaulHousing Type: CondoAs the spring market begins we are not yet seeing an increase in inventory, as we hoped we would last month. In fact, in some price ranges the months supply of inventory has gone down. Condos are still in high demand and because of that, they are selling fast. There is plenty of room in this market for more sellers, buyers are demanding it! The median sales price for condos was $510,000.Price Range: $400,000-$800,000Price Range: $800,000+Wrightwood Sheffield/DePaulHousing Type: TownhomeWith sales times of 2 and 7 days these homes are going fast! The homes that are under contract even have a low average list time of only 48 days and one of them was only on the market for 3. Like the cond...
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By Terri Buseman, Downtown Chicago
(RE/MAX Premier Properties)
Start your Wrightwood Sheffield/DePaul home search here.Wrightwood Sheffield/DePaulHousing Type: CondoCondos in the Wrightwood Sheffield neighborhood are holding steady since last month. Nearly the same number of homes came to the market as went under contract keeping the inventory levels as is. The seller's market continues, but spring is not here yet. We could see parts of this market balance out if some more homeowners decide to sell. The median sales price for condos was $549,000.Price Range: $400,000-$800,000Price Range: $800,000+Wrightwood Sheffield/DePaulHousing Type: TownhomeThere are more townhomes available, which is good for buyers, but there still aren't many choices. The $1-2m range is the only price range, among these, with more than one listing. Short market times imply t...
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By Terri Buseman, Downtown Chicago
(RE/MAX Premier Properties)
Start your Wrightwood Sheffield/DePaul home search here.Wrightwood Sheffield/DePaulHousing Type: CondoSince last month there has been a little spike in the month's supply of inventory for homes in the $700-800k range. A few have come to the market in this range and we haven't seen any more go under contract yet. As those that are under contract close we might see this number drop a little, but if more homes come to the market as homeowners prepare for the spring season we could see this price range hit a balanced market. Average market times haven't really changed much and of the homes that are under contract only about 1/3 of them have a market time of under 2 months. The median sales price for condos was $570,000.Price Range: $400,000-$800,000Price Range: $800,000+Wrightwood Sheffield...
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