This week I talked with a gentleman who current rents in the South Loop. He’d like to buy a one bedroom condo on the north side. I explained that as you get farther north prices tend to get lower. A check of median one bedroom condo sale prices for the past 6 months confirms this.*
| AREA | MEDIAN 1 BEDROOM SALE PRICE |
| Rogers Park | $97,500 |
| Edgewater | $132,000 |
| Uptown | $157,000 |
| Lakeview | $206,125 |
| Lincoln Park | $230,000 |
*Based on Midwest Real Estate Data LLC (MRED) Data.
ABOUT THE AUTHOR
Fran Bailey shows, previews and tracks downtown Chicago homes for sale giving her the insights needed to help her clients negotiate the best price and terms. Fran has been quoted in numerous Chicago and national publications. To schedule showings of listings regardless of broker or to contact Fran email her at fran.bailey@bairdwarner.com or call 773.793.4516. Learn More
Fran Bailey, Realtor
{ 2 comments… read them below or add one }
I have a great one bedroom in Rogers Park, by the lake, all remodeled. Is this man still looking?
Sorry, Ernesto. He’s no longer looking. Do you have information you could send me?