Today I started searching for a 2 bedroom condo in the Loop, Near North Side, Near West Side and Near South Side for a couple who will be relocating here from Colorado.
Median sale prices for 2 bedroom condos in 3 of the 4 areas are up for the past 3 months compared to a year ago.* The Near South Side had the largest increase up 12%. The Near North Side was up 4.4% followed by the Loop up 1%. The median sale price for a 2 bedroom condo in the Near West Side dropped 4.5%.
The number of 2 bedroom units sold dropped significantly in 3 of the 4 areas, an average of 45%! Unit sales actually rose 10% in the Near South Side.
The Loop has the highest median sale price for 2 bedroom condos of the 4 areas at $510K, followed by the Near North Side at $475K. The Near South Side and Near West Side are more affordable at $429K and $343K median sale prices.
Loop Condos with Several 2 Bedroom Units For Sale:
Near North Side Condos with Several 2 Bedroom Units For Sale:
Near West Side Condos with Several 2 Bedroom Units For Sale:
*Based on Midwest Real Estate Data LLC (MRED) Data.
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ABOUT THE AUTHOR
Fran Bailey shows, previews and tracks downtown Chicago homes for sale. Fran has been quoted in numerous Chicago and national publications. To schedule showings for any listings, get a free market analysis for your home or to contact Fran email her at fran.bailey@bairdwarner.com or call 773.793.4516. Learn More
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Sharon