Chicago's Near North Side, Market Conditions

Why the Near North Side?

Located north and east of the Chicago River, the Near North Side is one of the most visually stunning areas in the city, and is the home of countless great restaurants, theaters, and museums. 

Comprised of Gold Coast, Old Town, Goose Island, River North, and Streeterville, the Near North Side is home to some of Chicago's most iconic sites, including the Magnificent Mile and Navy Pier, as well as some of the most famous skyscrapers in the country. Of Chicago's downtown community areas, Near North has the largest population, along with the highest number of skyscrapers. 

For more on this bundle of great Chicago neighborhoods, here are a few resources worth checking out:

Home to great shopping, easy access to public transit, and thriving nightlife options, the neighborhoods of the Near North Side have all of the assets that make Chicago a prime destination for buyers. Whether you're looking to buy or sell in the area, here are the current stats for Near North's condo and housing market that you need to know:

Near North Side's Current Condo Market 

We’re not going to sugarcoat it - selling a home is a major undertaking. There are many different moving parts and considerations that go into listing, marketing, and selling a home. In fact, sometimes it’s easy for the “to-do” list to become so long that you end up overlooking some of the most essential steps, including basics like prepping your home for sale. 

That’s right. Sometimes, in the rush of getting the ball rolling and moving the process forward, homesellers can overlook some simple questions: Is your home actually ready for buyers to come take a look? And if it’s not, what can you do to help get it ready, and showcase it in the best possible light? 

These are important questions to ask, and crucial topics to discuss with your broker! Your real estate team can help offer some personalized recommendations and ideas, suited to the unique variables of your sale. For instance? Buyers in your market may be looking for specific home features, or even up-to-the-minute design and home staging choices. Your broker can help you get a sense of what buyers are looking for, based on local market trends and the unique conditions of your property. 

Why Lincoln Park?

We've got two words for you: "Free Zoo." 

Lincoln Park is home to one of the country's last free zoos, meaning that your neighbors would be actual party animals. But if a sweet sloth and its friends aren't enough to draw you to the neighborhood, there are lots of other perks to living in Lincoln Park. It offers institutions devoted to preserving Chicago's history and culture, including the Lincoln Park Conservatory, the Chicago History Museum, and the Peggy Notebaert Nature Museum. 

And, if you're hungry, there are a ton of diverse dining spots, along with plenty of beloved old school mainstays (the Wiener's Circle, anybody?).

Looking to learn more about this iconic Chicago neighborhood? Check out some of these handy resources:

Lincoln Park blends sophistication with Chicago's salty sense of humor and history, and is a great place to call home. Ready to take a look for yourself? Here are the current stats for Lincoln Park's condo and housing market:

Lincoln Park's Current Condo Market 

1. The Median Sale Price of a Lincoln Park Condo Has Been Climbing

Pricing Home to Sell

You’ve made the decision to sell your home. First of all, congratulations! This is a big moment, and the start of an exciting journey, with many different moving parts to consider along the way. 

As you work with your real estate broker to get your home ready to sell, one of the most important efforts you’ll want to focus on is pricing your home, in order to maximize your equity and reduce your market time. Minimizing the amount of time your home spends on the market can prove incredibly important, allowing you to move through the complex sales process more quickly and easily, while minimizing your carrying costs along the way. 

Increasing the desirability of your home on the market -- allowing it to sell quickly, and maybe even gain several competing offers, from multiple potential buyers -- all starts with determining the asking price for your property. 

In order to find the “right” price for your home, you and your agent will need to consider the real estate market trends in your area and how your home compares to other recent and currently active listings.

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Chicago, IL 60614

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