What does the December data say about neighborhoods like Lakeview, Lincoln Park, Logan Square, and the Near North Side?

In short: It’s still a strong seller’s market in much of the Chicago real estate scene, but serious buyers remain active. Here's what the latest numbers reveal.

Inventory Remains Low, Keeping Sellers in the Driver's Seat

A healthy real estate market typically has about six months of housing supply. Anything less tips the balance in favor of sellers.

Here's where inventory stands:

Lakeview: 1.3 months
Lincoln Park: 1.2 months
Near North Side: 3.4 months
Logan Square (including Bucktown): 1.1 months

Across the board, inventory remains tight. With the exception of the Near North Side, all areas are deep in seller's market territory. Even the Near North Side, hovering at 3.4 months, still leans toward sellers by national standards.

Median Prices Hold Strong

Despite ongoing affordability pressures, prices in key Chicago neighborhoods are showing resilience:

Lincoln Park: $765,000
Logan Square: $690,000
Lakeview: $545,000
Near North Side: $449,000

This steady to rising trend highlights sustained demand and buyer confidence in these sought-after locations.

Sellers Are Getting Close to Asking Price

One of the most telling indicators of market strength is the percentage of the last list price that homes actually sell for. Here’s how that looks:

Lakeview: 100.4%
Lincoln Park: 100.5%
Logan Square: 100.7%
Near North Side: 97.4%

Homes in Lakeview, Lincoln Park, and Logan Square are regularly selling at or slightly above the asking price. That’s a clear signal that well-prepared listings are still commanding top dollar.

What This Means for You

If you're a seller in Logan Square, Lincoln Park, or Lakeview, you're still in an advantageous position. Inventory is tight, demand is solid, and buyers are willing to meet (or exceed) asking prices for the right property.

For buyers, especially those looking in the Near North Side, there may be a bit more room to negotiate. But don’t mistake that for a soft market—competition is still real, and strategic offers are a must.

Ready to Make Your Move?

Whether you're planning to sell or ready to buy, it pays to act with a clear strategy. The Chicago real estate market is active, competitive, and moving fast.

Let’s talk about your goals and create a plan to help you succeed. Reach out today to take the next step.