Chicago Real Estate Blog

Last week, Zillow released their monthly Buyer-Seller Index for Chicago—a report that helps determine the top buyer’s and seller’s markets in a given area based on stats like days on market, rate of price cuts, and sales-to-list price ratio. To the surprise of some, Streeterville and the Gold Coast are among Chicago’s top buyer’s markets due to what seem like two somewhat compelling figures.  

Although Streeterville and the Gold Coast are widely considered to be among the most prominent neighborhoods in all of Chicago, the average stay on the market for listings in these areas is still in the four to five month range, while nearly half of the recent homes and condos to come to market have experienced from sort of price reduction. To be exact, 41.4 percent of recent Gold Coast listings reduced prices, while Streeterville saw an even higher rate of 42.5 percent, according to the report.

There’s little doubt that the huge luxury rental boom in Chicago is contributing to the slower sales pace and high-rate of price reductions Streeterville and the Gold Coast are seeing, but if there’s one takeaway from the latest Buyer-Seller Index Report, it’s that the time to buy in downtown Chicago is now!

If you’re interested in Streeterville condos for sale or condos for sale in the Gold Coast, contact local downtown Chicago real estate specialist Helaine Cohen to learn more about the state of the market or to start scheduling showing for active MLS listings in Chicago that you’d like to see in person!  

HAVE A LOOK AT SOME OF THE HOTTEST CONDO LISTINGS IN STREETERVILLE & THE GOLD COAST BELOW:

Featured Condos For Sale in Streeterville & the Gold Coast

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$915,000

505 North Lake Shore Drive 5302, Chicago, 60611

3 Beds 3 Baths 1,806 SqFt Residential MLS® # 11862073

$930,000

↓ $30,000

1212 North Lake Shore Drive 26an, Chicago, 60610

3 Beds 3 Baths 2,150 SqFt Residential MLS® # 11850880

$940,000

↓ $10,000

1301 North Astor Street 5, Chicago, 60610

3 Beds 3 Baths 3,500 SqFt Residential MLS® # 11877986

$949,000

↓ $50,000

1540 North Lake Shore Drive 13s, Chicago, 60610

3 Beds 3 Baths 3,500 SqFt Residential MLS® # 11718524

$949,000

1212 North Lake Shore Drive 11as, Chicago, 60610

3 Beds 2 Baths 2,150 SqFt Residential MLS® # 11877330

New

$949,000

1540 North Lake Shore Drive 13s, Chicago, 60610

3 Beds 3 Baths 3,500 SqFt Residential MLS® # 11891863

$949,900

↓ $25,100

474 North Lake Shore Drive 4810, Chicago, 60611

2 Beds 3 Baths 2,200 SqFt Residential MLS® # 11736501

Contingent

$950,000

↑ $147,000

1540 North Lake Shore Drive 5n, Chicago, 60610

4 Beds 5 Baths 3,753 SqFt Residential MLS® # 11743043

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• Streeterville Condos For Sale (7)
• Gold Coast Condos For Sale (3)