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10 Most Competitive Neighborhood Housing Markets in Chicago, July 2015

by Peter Thomas Ricci

Amidst Chicago’s competitive housing market, these 10 neighborhoods stand out

west-loop-ogilvie-chicago-most-competitive-neighorhood-housing-markets

In the city of Chicago’s housing market, the median days on market in July was just 19 days, and the average sale-to-list price was 96.8 percent.

As competitive as Chicago’s market is, though, specific neighborhoods saw an even higher volume of sales activity, and after combing through new statistics in Redfin’s Real-Time Market Tracker, we assembled charts with our findings. Click on the tabs below to adjust between median days on market and sale-to-list price.

Chicago Neighborhood Median Days on Market
West Loop 8
Wicker Park 10
Logan Square 10
Ukrainian Village 11
West Town 12
Avondale 14
Brighton Park 14
Roscoe Village 14
Sauganash 14
Ravenswood 15
Chicago Average 19
Neighborhood Average Sale-to-List Price
South Lawndale/Little Village 101.7%
West Loop 100.1%
South Loop 99%
Avondale 98.4%
River North 98.2%
Logan Square 98.1%
Wicker Park 98.1%
West Town 97.8%
Ukrainian Village 97.7%
Humboldt Park 97.6%
Chicago Average 96.8%

As with June, the West Loop was the most competitive market overall, with the No. 1 position for days on market and the No. 2 position for sale-to-list price.

Wicker Park, Logan Square, Ukrainian Village, West Town and Avondale are also present on both lists.


Photo Credit: Seth Anderson, Creative Commons 2.0, https://commons.wikimedia.org/wiki/File:West_Loop,_Just_Because….jpg

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