Thursday, October 31, 2019

Sold! Logan Square condo sales (median price takes a jump)

We closed another Logan Square condo sale this week at 2409 N Sawyer. Our seller client took our advice and fully painted the one bedroom unit prior to listing. It showed great and sold in the first week despite a city-wide slowing market. Congrats to our client who has moved back home to Michigan.

Logan Square is a very active and diverse real estate market. 546 units have sold this year in (January 1st to October 30th). The median price of a sold condo is $411,000. The highest priced sold condo is 2040 N Damen Unit 2 Chicago, IL 60647 for $1,185,000.  The full floor penthouse unit with "2000 sq/ft custom deck" was built in 2014. The lowest priced sold condo is 1857 W Armitage 1R Chicago IL 60622 for $150,000. The one bedroom loft in a vintage building was a rare foreclosure sale in the the neighborhood.
Large new construction condo and rental developments have dominated the sometime controversial real estate market around Logan Square the last five years.

509 Logan Square condos closed over the same period of 2018 with a median price of $369,900
547 condos closed in 2017 with a median price of $375,000
544 condos sold in 2016 with a median price of  $360,000

Back in 2012 only 288 Logan Square condo units sold from Jan 1st to October 30th with a median price of $245,000.

Call us to buy and sell condos and houses in the Logan Square neighborhood!

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