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A detailed look at Chicago’s 8 hottest neighborhoods

by Peter Thomas Ricci

chicago-top-closings-march-real-data-gold-coast

It’s no mystery, for anyone who follows the city of Chicago’s housing market, which eight neighborhoods are the hottest: the Gold Coast, Lakeview, Lincoln Park, the Loop, River North, the South Loop, Streeterville and the West Loop.

Among those eight markets, though, where is price per square foot the highest? Where were sales the highest in 2015? And where is housing inventory the lowest?

Those questions and more are answered in the new @report, a detailed market analysis from @properties. Below, we have detailed specific information about those markets –click on the tabs to switch between the data:

Neighborhood 2015 Price Per Square Foot YOY % Change
Gold Coast $458 0%
Lakeview $259 2%
Lincoln Park $337 -6%
Loop $480 8%
River North $396 -6%
South Loop $332 2%
Streeterville $421 1%
West Loop $321 7%
Neighborhood 2015 Transactions YOY % Change
Gold Coast 914 1%
Lakeview 1823 13%
Lincoln Park 1219 3%
Loop 499 2%
River North 884 8%
South Loop 839 11%
Streeterville 416 10%
West Loop 847 9%
Neighborhood Dec. 2015 Inventory (Month’s Supply) YOY % Change
Gold Coast 5.3 -30.26%
Lakeview 3.4 -50.72%
Lincoln Park 2.6 -44.68%
Loop 9.1 44.44%
River North 2.5 -54.55%
South Loop 2.9 -21.62%
Streeterville 4.8 -40.74%
West Loop 1.8 -55%

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