Chicago Metro Area Real Estate
A Better Buying Experience
Prices for 3 bedroom condos for sale in Chicago’s Loop may start around $300,000, but over half of them are priced above $1,200,000. In 2012 the median sale price was $912,500. In 2011 and 2010 it was $656,000 and $1,021,998.
The inventory of listed Chicago 3 bedroom condos for sale continues to plummet. There were 3,053 3 bedroom condos for sale in Chicago in the second quarter down 18.5% from second quarter 2012 when there were 3,745 3 bedroom condos for sale.
Prices for 3 bedroom condos for sale in Chicago are as varied as Chicago’s neighborhoods. Here are 2012 median sale prices for a few areas:
The inventory of listed Chicago 3 bedroom condos for sale in the 4th quarter was down 31.9% from 4th quarter 2011. There were 2,535 such condos for sale compared to 3,724 a year earlier.
The inventory of listed Chicago Loop 3 bedroom condos for sale in August was down 39% from August 2011. There were 65 such condos for sale setting a new 2 year low.
"I appreciate the fact that you focused on what I was looking for in a condo without pressuring me into a quick sale as I've experienced in the past with other agents."
Allison
"We were very satisfied with Fran throughout the whole process and highly recommend her to others looking for a buyer’s agent. "
Ron
"Thanks so much for guiding me, a first-time home buyer new to the Chicago market, through the home buying process and to a successful condo purchase. I also appreciate how well you worked with my loan officer and attorney – what a great team!"
Mark
