What does the latest data tell us about the Chicago real estate market in neighborhoods like Lakeview, Lincoln Park, Logan Square, and the Near North Side?

In short: It’s still a seller’s market in many of Chicago’s most sought-after neighborhoods—but buyers aren’t out of the game. Here's what you need to know based on fresh data for November 2025.

Inventory Is Tight, and That Favors Sellers

Let’s start with the months supply of inventory. A balanced market usually has about 6 months of housing supply. Anything less, and sellers tend to hold the advantage.

Here’s where we stand:

Lakeview: 1.3 months
Lincoln Park: 1.1 months
Near North Side: 3.5 months
Logan Square (including Bucktown): 1.1 months【11†nUTc-8Z8.pdf†L1-L10】

With the exception of the Near North Side, all these areas are deep in seller’s market territory. Even the Near North Side, at 3.5 months, leans seller-friendly compared to the national average.

Prices Hold Strong (and Even Climb)

If you're wondering what homes are actually selling for:

Lincoln Park leads with a median sales price of $742,000
Logan Square follows at $675,000
Lakeview is close behind at $525,000
Near North Side rounds out the list at $443,300【12†nUTn-1sj.pdf†L1-L10】

That tells a story of sustained demand. Prices are holding up—and in some areas, climbing—even with rising borrowing costs.

Buyers Are Still Paying Close to List Price

Here’s the stat that separates serious markets from soft ones: percent of original list price received.

The data shows:

Lakeview: 100.6%
Lincoln Park: 100.7%
Near North Side: 97.3%
Logan Square: 100.8%【10†nUbd-9D7.pdf†L1-L10】

Yes, you read that right. In Lakeview, Lincoln Park, and Logan Square, homes are selling at or slightly above list price. If you’re a seller, that’s music to your ears. If you’re a buyer, it means preparation and strategy are everything.

What This Means for You

If you're planning to sell in the next few months, you’re entering a strong pricing environment—especially if you're in Logan Square, Lincoln Park, or Lakeview. As top Chicago Realtors, we’re seeing well-prepared homes move fast and often spark multiple offers.

On the flip side, buyers have more room to negotiate in the Near North Side, where inventory is higher. That said, serious buyers still need to move quickly and work with agents who know how to position a strong offer.

Let’s Talk Strategy

Whether you're thinking about listing your property or trying to get ahead of other buyers, now's the time to make your move. The Chicago real estate market is competitive, nuanced, and constantly evolving.

At The Kernahan Group, we specialize in helping clients navigate this landscape with confidence. With boots-on-the-ground experience in Lincoln Park, Lakeview, Logan Square, and beyond, we bring the insight you need to act decisively.

Reach out today to discuss your next steps. We’re Will and Maria Kernahan—and we’re here to help you win in this market.