Friday, February 03, 2017

Under contract! Jefferson Park buyers jump at "perfect house" (Jeff Park median price up 29% since 2013)

Watch the video walk through of our latest Jefferson Park home listing.  




5201 West Foster, Chicago IL 60630 asking $269,900 received many qualified offers on our first day of showings.  The purchase contract is in attorney review and inspection period. 


A stucco bungalow in a quiet, leafy Jefferson Park neighborhood (photo Eric Rojas, Kale Realty).

 Jefferson Park single family home sales 2016
228 single family homes are recorded on MLS as sold in 2016. The median price is about $296,000 making it one of the more affordable community areas near transportation on the North Side.  In the past few years many low end homes are being scooped up for redevelopment.  I see that median price continuing to trend up over the next few years as newer finished homes sell in the market.

The highest closing for 2016 was 5862 N Luna, Chicago IL 60646 for $705,000.  The new construction home is on an oversized 42'x189' lot. 

In 2015, 210 single family homes closed for a median price of $275,000.
2014, 192 single family homes closed for a median price of $245,000.
2013, 206 single family homes closed for a median price of $230,000

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