Lincoln Park Real Estate Market Reports

On this part of our website, you will find data on the real estate market in the Lincoln Park neighborhood of Chicago.   If you are thinking of buying or selling, feel free to contact me.

Q2 2013 Market Report

  • Condominium and townhome sales increased by 36% in Q2 2013 to $184 million compared to $136 million in Q2 2012. Average sales price increased 5.9% in Q2 2013 to $441,922 compared to $417,233 in Q2 2012.
  • Market time for many types of properties saw a significant decrease - averaging 42 days, compared to 71 days for Q2 2012.
  • Single family sales volume increased by 51.8% in Q2 2013 to $112 million compared to $74 million in Q2 2012. Prices in Q2 2013 increased 11.6% compared to Q2 2012.
  • Rents increased for most property types (excluding 4+ bedrooms) in Q2 2013 compared to Q2 2012. One and two bedroom properties saw the largest year over year increases.
For the full report and data, please CLICK on the image.

Q1 2013 Market Report

  • Condominium and townhome sales increased by 33% in Q1 2013 to $83 million compared to $63 million in Q1 2012. Average sales price increased 4.7% in Q1 2013 to $462,328 compared to $441,764 in Q1 2012.
  • The increase in average sales price was driven largely by the sale of 3 bedroom properties at higher prices - we have seen significantly increased competition for townhome sales which make up a large portion of 3 bedroom sales.
  • We anticipate continued price appreciation in Lincoln Park in 2013 driven by low interest rates, limited inventory, increased consumer confidence and increasing rents.
  • Single family sales volume decreased by 21.6% in Q1 2013 to $37 million compared to $47 million in Q1 2012. Prices in Q1 2013 declined 9.1% compared to Q1 2012.
  • Rents increased across all property types in Q1 2013 compared to Q1 2012. One and two bedroom properties saw the largest year over year increases.
For the full report and data, please CLICK on the image.

2012 Year End Market Report

  • Condominium and townhome sales increased by 70% in 2012 to $479 million compared to $281 million in 2011. Average sales price increased 15% in 2012 to $475,327 compared to $413,428 in 2011.
  • Some of the increase in volume and sales price is due to closings at the newly built Lincoln Park 2550 development - $71 million in sales closed in 2012 in this development, consisting mostly of 2 and 3 bedroom condos.
  • We anticipate continued price appreciation in Lincoln Park in 2013 driven by low interest rates, limited inventory, increased consumer confidence and increasing rents. We are forecasting a 5% - 8% increase in condo, loft & townhome prices in 2013 for Lincoln Park.
  • Single family sales volume increased by 28.7% in 2012 to $282 million compared to $219 million in 2011. Prices in 2012 were flat compared to 2011.
  • Rents increased across all property types in 2012 compared to 2011. Two bedroom and four (or more) bedroom properties saw the largest year over year increases of approximately 10%. We expect rent prices to increase in 2013, but not at the same pace as they did in 2012.
For the full report and data, please CLICK on the image.

Q3 2012 Market Report

  • Condominium and townhome sales increased by 68% in Q3 2012 compared to Q3 2011. Average sales price increased 20% in Q3 2012 compared to Q3 2011.
  • Some of the increase in volume and sales price is due to closings at the newly built Lincoln Park 2550 development - $38mm in sales closed in Q3 2012 in this development, consisting mostly of 2 and 3 bedroom condos.
  • We expect that Lincoln Park will exceed 1,000 total sales in 2012 for condos / townhomes - the first time since 2007
  • Single family sales volume increased by 11.5% in Q3 2012 compared to Q3 2011. Prices fell approximately 9% in Q3 2012 compared to Q3 2011.
  • Rents increased across all property types in Q3 2012 compared to Q3 2011
For the full report and data, please CLICK on the image.

Q2 2012 Market Report

  • Condominium and townhome sales increased by 70% in Q2 2012 compared to Q2 2011. There were 325 total sales in Q2 2012. Most number of sales in any quarter since Q3 2007 when there were 447 sales.
  • Single family sales increased slightly to 50 sales in Q2 2012 compared to 46 sales in Q2 2011
  • Rents increased across all property types in Q2 2012 compared to Q2 2011

For the full report and data, please CLICK on the image.

Q1 2012 Market Report

  • Healthy increase in sales volume and number of transactions for both condos / townhomes and single family properties
  • 2 bedroom condo / townhome properties starting to show price increases
  • Rental market continuing to show strength with rent increases across all types of properties

For the full report and data, please CLICK on the image.