University Village (Chicago, IL)
1069 W. 14th Place, Little Italy, UIC, Chicago, Illinois - April 2018 About 1069 W. 14th Place 1069 W. 14th Place is a 128 unit condominium building built in 1921. 1069 W. 14th Place is located in the Near West Side neighborhood of Chicago. Average taxes in 1069 W. 14th Place $2,983 Average association fees in 1069 W. 14th Place $371 ($265 - $608) Average home size in 1069 W. 14th Place 1,142 ft2 Average lot size in 1069 W. 14th Place 0.00 acres Average year built in 1069 W. 14th Place 1934 Homes for sale in 1069 W. 14th Place Address Beds Baths Built Price 1069 14th Pl. #204 1 1 1920 $215,000 Sales Summary for 1069 W. 14th Place  (Apr 25, 2017 - Apr 25, 2018) # of Sales Average Days on Market Average List Average Sale Ratio% 6 78 $288,700 $279,675 96.9% HomesByMarco has sold 36 homes ...
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By Terri Buseman, Downtown Chicago
(RE/MAX Premier Properties)
Start your University Village/Little Italy home search here.University Village/Little ItalyHousing Type: CondoA few quick sales have practically demolished the little bit of inventory this market had. The homes that closed in the $400-500k range were new construction. Those that remain on the market are resale and have been listed for over 3 months. Even in the same price range it seems that resale homes and new construction might be in different markets. December tends to be a slow month in real estate. These sellers can try more aggressive strategies to attract a buyer, but they should be prepared for a dip in activity. The median sales price for condos in University Village was $402,450. Price Range: $400,000-$800,000 University Village/Little ItalyHousing Type: TownhomeThere hasn't ...
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By Terri Buseman, Downtown Chicago
(RE/MAX Premier Properties)
Start your University Village/Little Italy home search here.University Village/Little ItalyHousing Type: CondoLike last month condos are taking about 3 months to sell. They are selling for 98.6% of asking price. So, sellers are pricing their homes pretty close to market value. The neighborhood is still in a seller's market, but most homes are taking just a little bit of time to sell. The median sales price for condos in University Village was $312,750. Price Range: $400,000-$800,000 University Village/Little ItalyHousing Type: TownhomeA lot of the townhomes are new construction and many of those have long market times. Resale homes are still selling in a matter of months, keeping the seller's market strong in this neighborhood. The new construction was clearly needed as the entire neigh...
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By Terri Buseman, Downtown Chicago
(RE/MAX Premier Properties)
Start your University Village/Little Italy home search here.University Village/Little ItalyHousing Type: CondoAs we saw in our last report market times are continuing to increase a bit. Currently the average market time for homes that are under contract is 131 days and for those that are available, it is 122 days. However, inventory levels remain super low at less than 3 months in each price range. Unless there is a rush of new listings the seller's market will likely continue through the year.  Price Range: $400,000-$800,000 University Village/Little ItalyHousing Type: TownhomeHalf of the townhomes that are under contract are new construction. Even with that the seller's market continues to be very strong. This shows that the developers are meeting a real demand. In fact we just recent...
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By Terri Buseman, Downtown Chicago
(RE/MAX Premier Properties)
Start your University Village/Little Italy home search here.University Village/Little ItalyHousing Type: CondoInventory levels are holding steady with homes coming to the market at about the rate that they go under contract. However, market times are increasing. The average market time for the homes that are under contract is 80 days, like in our last report, but now most of these homes have a market time of over 90 days. We will see what happens when they close. The median sales price for University Village condos was $29,000 Price Range: $400,000-$800,000  University Village/Little ItalyHousing Type: TownhomeThere hasn't been a lot of movement in this market. There were a few quick sales, but overall the inventory levels are about the same as they have been and the seller's market con...
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By Terri Buseman, Downtown Chicago
(RE/MAX Premier Properties)
Start your University Village/Little Italy home search here.University Village/Little ItalyHousing Type: CondoMore homes came to the market than sold, since last month, but with average market times of only 45 days it looks like sellers will continue to enjoy fast sales. Overall the average market time of the condos that are under contract is 81 days, but about 60% of those homes have a market time of under 35 days. The median sales price for University Village condos was $315,000 Price Range: $400,000-$800,000   University Village/Little ItalyHousing Type: TownhomeThe townhome market picked up slightly with a few more homes going under contract than coming to thte market, although, in most price ranges it was a wash. Townhomes make up a substantial market in this neighborhood and they ...
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By Terri Buseman, Downtown Chicago
(RE/MAX Premier Properties)
Start your University Village/Little Italy home search here.University Village/Little ItalyHousing Type: CondoThere hasn't been a lot of movement among the condos over the past month. The average market times remain low at 85 days for active listings and 89 for those under contract. There continues to be more buyers than sellers in this neighborhood. Sellers are going to enjoy this spring. Even if they get a little competition this neighborhood will likely remain in a seller's market for the year.  Price Range: $400,000-$800,000 University Village/Little ItalyHousing Type: TownhomeThe townhomes also have not seen a lot of movement in the past month. The most activity is in the $500-600k range where two homes went under contract and a few more came to the market. While all of these townh...
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