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The abundance of residences in Chicago is a key factor contributing to the affordability of its real estate market. Chicago has a comparatively elevated pace of residential growth, resulting in an excess of housing units. This excess, in return, decreases their expenses, making real estate acquisition more economical.
The median price of a condominium in Chicago is around $438,000, while the median price of a detached single-family house is $466,000.
The Chicago condo market has seen strong year-over-year appreciation, making it a leader in this aspect.
The Chicago condominium market has not only endured the challenges of economic instability but has also shown remarkable resilience, surpassing places such as Los Angeles, Boston, and San Francisco in performance.
Our team uses a collaborative approach to add perspective and value in real estate transactions. We focus on the full scope and implications of our clients’ personal situation by asking deeper questions, leveraging generations of experience, and utilizing a vast network of additional resources.
