Chicago mansions for sale down over 23% in 4th quarter

Back in August I wrote about how inventory levels for Chicago mansions had been rising. That changed in the 3rd quarter of 2012 when the number of listed Chicago mansions for sale dropped 13.3% from a year earlier.* In the 4th quarter the drop was 23.1%.

View all Chicago Luxury Homes For Sale

There were 40 single family homes with a minimum of 8,000 SF for sale in Chicago in the 4th quarter compared to 52 a year earlier. The drop inventory can be at least partially attributed to rising sales. In the 3rd quarter the number of Chicago mansions sold was 6 which was double the number a year earlier. In the 4th quarter sales were up 66.7%.

Chicago Mansions For Sale 4th Qtr. 2009 - 4th Qtr. 2012

Chicago Mansions For Sale 4th Qtr. 2009 - 4th Qtr. 2012

Chicago mansions are scattered around the city, but most are in Lincoln Park, the Gold Coast or River North.


$5M+$3M - $5M$1M - $3M$1M & Below


Click below to see the downtown Chicago luxury condos for sale in your desired price range.

$5M & Above$3M to $5M$2M to $3M$1.8M to $2M
$1.6M to $1.8M$1.4M to $1.6M$1.2M to $1.4M$1M to $1.2M

*Information is based on data from Midwest Real Estate Data (MRED).

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Fran Bailey Fran Bailey is a Realtor who 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 or call 773-793-4516. Learn More