The median price of a single family home in Lincoln Square Community Area is about $1,050,000 this year. When we moved to Lincoln Square permanently in 2007 the median price of a sold home was $615,000. I've watched many changes in Lincoln Square to the streets, business, schools, politics... and the real estate!
Lincoln Square area map via Chicago Cityscape The area sprawls West Montrose to West Peterson and North Ravenswood all the way west to the North Branch Chicago River. |
95 single family homes have sold from January 1st to November 15th, 2024. The median price is about $1,050,000. Seven single family homes have closed over $2M and one house closed for $3.8M.
Over the same period last year (2023) only 75 homes closed with a median price of about $1,020,000.
Homes in the furthest northwest portion of Lincoln Square sell for considerably less than those in the southeast portion. Proximity to the CTA Brown Line, Metra and retail/ shopping has much to do with the value discrepancy. For instance, homes NORTH of West Foster Avenue and WEST of North Western Avenue have a median closed price of about $561,000. While homes SOUTH of West Foster Avenue and EAST of North Western Avenue have a median sales price of $1.2M.
To buy, sell, rent or if you have nay questions involving real estate (attorneys, condo associations, improvements) please reach out to me! Ask Eric!
Eric Rojas, Broker
Chicago Real Estate Broker with Kale Realty
Kale Realty - 2447 N Ashland, Chicago IL 60614 in Lincoln Park
Illinois Licensed Real Estate Broker No. 475.126105
Fair Housing Opportunity
erojas@kalerealty.com
Ph: 773-510-1597