August 29, 2016
Which Chicago Neighborhoods Are Homes Selling Over Asking Price?
Which Chicago Neighborhoods Are Homes Selling Over Asking Price?
By LLCR Staff

According to the Chicago Local Market Tracker from Redfin for July 2016, 45.6 percent of homes in the West Loop sold for over asking price, the second highest rate in the city behind Humboldt Park. Typical homes in the West Loop sold in 41 days, tied with Logan Square and West Town for fourth fastest in the city, trailing only Brighton Park, Humboldt Park and Ukrainian Village.

Not surprisingly, the Gold Coast had the most expensive market in July, with a typical residence selling for $520,000. It was the only neighborhood to reach half-a-million. Wicker Park, North Center, Lincoln Park and Bucktown rounded out the top five most-expensive neighborhoods in Chicago.

You can read the whole report here.

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