0
0
0

These Chicago Neighborhoods See the Fewest Price Reductions

by Peter Thomas Ricci

humboldt-park-chicago-redfin-neighborhoods-report

Alexander von Humboldt, whom the Humboldt Park neighborhood is named after

The West Loop, Logan Square, West Town.

These are neighborhoods that have long been on the ascent in Chicago’s real estate scene, where prices and sales have risen in tandem since recovering from the downturn.

Yet, when it comes to the Chicago neighborhood where sellers reduced their prices the least, none of those neighborhoods came out on top, according to a new analysis from Redfin. No, the Pullman neighborhood – the historical spot on the city’s South Side where the legendary Pullman rail cars were assembled – came out on top, with home sellers receiving an average sale-to-list of 101.8 percent; the West Loop came in at second, while Humboldt Park, another less-mentioned market, came in at No. 3 (in the past, Redfin has rated Humboldt Park one of the nation’s hottest housing markets).

Our chart below rounds out the full top 10 list, based on Redfin’s analysis:

Neighborhood Median Sale Price Avg. Sale to List
Pullman $59,000 101.8%
West Loop $362,750 99.2%
Humboldt Park $185,000 98.6%
South Loop $346,000 98%
Little Village $91,750 97.3%
West Town $460,000 97.2%
Avondale $290,000 97%
Logan Square $384,000 96.9%
Archer Heights $165,000 96.8%
Austin $80,000 96.7%

Photo Credit: Steven Kevil, Creative Commons Attribution 3.0 Unported, https://commons.wikimedia.org/wiki/File:Von_Humboldt_Statue.jpg

Read More Related to This Post

Join the conversation

New Subscribe