Monday, April 30, 2012

Bucktown single family home sales start slow

 Bucktown on the North Side these days in known for great retail, dining and night-life.  It is also known for fairly modern new construction houses and eclectic renovations with an easy commute downtown.
The Bucktown neighborhood sales area

In first quarter 2012 (January-March), 5 single family home closed in Bucktown.  The median for this small sample size was just over $700,000 which is about right for the neighborhood over a longer period of time.  Unit sales are down from first quarter 2011 when 12 homes closed for a median of about $780,000.  In all of 2011, 58 homes sold for a median price about $770,000

This modern new construction on North Hoyne closed last year for $1.3M.
21 Bucktown single family homes are currently under contract ranging from $564,000 on the low end to $2.7 million.  One small bungalow in need of renovation or tear down on a 24' x 100' lot is under contract at 2042 W Cortland (offered at $270,000), but will most likely sell for more in what was surely multiple offers.

All statistics gathered by Eric Rojas, Real Estate Broker from, our member MLS.   Al photos and analysis Eric Rojas, Real Estate Broker.

No comments: