The temperatures may have been cold in Chicago lately but, the real estate market is heating up in West Town.  New Listings in the West Town neighborhood increased 9.2% for detached homes and increased 15.8% for attached properties. Listings Under Contract decreased 2.2% for detached homes and increased 3.8% for attached properties.

The Median Sales Price in West Town was increased 13.3% to $940,000 for detached homes and increased 5.9% to $450,000 for attached properties. Months Supply of Inventory for detached units is at 4 months and 2.3  months supply for attached units.

Chicago Real Estate Report

New Listings in the City of Chicago were up 4.4% for detached homes and up 7% for attached properties. Listings Under Contract increased 3.9% for detached homes and increased .4% for attached properties.

The Median Sales Price was up 4.5% to $229,900 for detached homes and were up 3.2%  to $320,000 for attached properties. Months Supply of Inventory is 4 months for detached units and 3 months for attached units.

Amy Pearson

Real Estate Broker

Baird & Warner – Gold Coast

Amy.pearson@bairdwarner.com