Thursday, December 01, 2022

Lincoln Square single family home median price dips below record high of $836,500

A new Lincoln Square single family home is currently under construction at 2246 West Winnemac. The original two-flat building on a standard 25'x125' lot sold for $328,000 in February of this year.  All photos and data analysis by Eric Rojas, Broker, Kale Realty

125 single family homes have closed in Lincoln Square from January 1st to November 25th of this year.  The median price of a sold home is $825,000. The median price dipped below last years $836,500 over the same period.  The highest priced sold home is 4552 N Leavitt for $2,530,000. The new construction home sits on a 33'x125' lot just steps from bustling Lincoln Avenue restaurants, bars and annual festivities.

We listed and sold 2226 West Winnemac for $825,000 in May of this year.  The brick Chicago bungalow had a second story addition but an unfinished basement and needed a kitchen renovation.

Over the same period of  2021 in Lincoln Square, 137 single family homes had sold with a median price of $836,500.  That 2021 median price appears to be the record for Lincoln Square single family homes over the first 11 months of calendar year. 

2225 West Carmen steps from Winnemac Park was sold privately to a developer.  A second floor and rear addition later and the home sold for $1,250,000 in September of 2021.

Nineteen Lincoln Square single family homes are currently listed on the market priced from $575,000 to $2,750,000. Three homes priced under $575,000 are in TEMP or temporary status, not showing.  Seven homes are listed on the Private MLS including two pre-construction luxury homes priced from $1,750,000 to $2,200,000.

If you are buying or selling single family homes, condos or multi-unit buildings please contact us to help you.