Wednesday, March 30, 2022

Super tight Ravenswood Gardens / Ravenswood Manor home sales market

Ravenswood Gardens and Ravenswood Manor neighborhoods are popular for their vintage custom homes and leafy riverside location close to CTA Brown Line transportation. 

Our clients are prepping their home for sale in the Ravenswood Manor neighborhood of the Albany Park Community Area.  The greater area of Ravenswood Gardens (east of the river) / Ravenswood Manor (west of the river) is known for it's custom over-sized bungalows, Craftsmans and stately stuccos. Let us not forget the riverside views, local businesses and great schools.

Ravenswood Gardens / Ravenswood Manor sales area. 

So far in 2022 only five homes have sold in the Ravenswood Gardens / Ravenswood Manor neighborhoods.  About 45 Ravenswood Gardens/ Ravenswood Manor single family homes sold over the past twelve months. The median price of a home sale during that time is about $815,000.  

Currently there are only two homes actively for sale in the above pictured area, both listed at over $1.6M.  Only two homes are currently under contract. Active listings, contracts and sold units reflect incredibly low inventory for this spring market!

Recent home sales:
2021: 44 single family homes sold with a median price of about $800,000
2020: 38 single family homes sold with a median price of about $650,000
2019: 39 single family homes sold for a median price of $650,000
2018: 34 single family homes sold for a median price of about $790,000
2017: 34 single family homes sold for a median price of about $787,000
2016: 39 single family homes sold for a median price of about $620,000




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