The real estate market has been heating up in West Town even as the temperatures dropped in January.  New Listings in the West Town neighborhood decreased 28.3% for detached homes and increased 50.9% for attached properties. Listings Under Contract had no change from last month for detached homes and increased 10% for attached properties.

The Median Sales Price in West Town was $1,075,000 for detached homes and $445,000 for attached properties. Months Supply of Inventory for detached units is at 3.5 months and 1.9 months supply for attached units.

Chicago Real Estate Report

New Listings in the City of Chicago were down 7.3% for detached homes and up 7.4% for attached properties. Listings Under Contract increased 12.2% for detached homes and increased .6% for attached properties.

The Median Sales Price in the City of Chicago was $207,500 for detached homes and were $332,000 for attached properties. Months Supply of Inventory is 3.4 months for detached units and 2.6 months for attached units.

Amy Pearson

Real Estate Broker

Baird & Warner – Gold Coast

Amy.pearson@bairdwarner.com