September Market Report: Lake View & Lincoln Park Real Estate Trends
- Chicago Real Estate Agent
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🏙️ September Market Report: Lake View & Lincoln Park Real Estate Trends
As the fall market takes shape, two of Chicago’s most desirable neighborhoods — Lake View and Lincoln Park — are showing clear signs of tight inventory, resilient demand, and rising home prices.
The latest Compass market data for September highlights strong price growth across both condos and single-family homes, signaling that well-positioned listings continue to attract serious buyers.
📍 Lake View: Condos Stay Competitive as Inventory Shrinks
The Lake View condo market remains highly active, even as inventory declines.
156 homes for sale, down 29.4% year over year
Average market time: 33 days (↓ 10.8%)
Median sales price: $481,000 (↑ 13.2%)
Fewer listings are driving competition, and condos in prime locations are selling quickly — often above asking price.
Key takeaway: Sellers benefit from limited supply and higher pricing power, while buyers must act decisively to secure quality properties.
🏠 Lake View: Luxury Homes Continue to Lead
The single-family home market in Lake View shows remarkable strength at the high end.
19 homes for sale, down 42.4% year over year
Average market time: 66 days (↓ 4.3%)
Median sales price: $1,880,000 (↑ 17.9%)
Demand for luxury properties remains strong despite higher mortgage rates.Buyers are focusing on premium finishes, outdoor space, and proximity to amenities — all hallmarks of the Lake View lifestyle.
Key takeaway: Low supply continues to push prices upward, creating an ideal moment for homeowners considering listing their property.
📍 Lincoln Park: Condos Maintain Steady Growth
In Lincoln Park, the condo market reflects strong fundamentals despite fewer listings.
91 homes for sale, down 38.9% year over year
Average market time: 36 days (↓ 12.2%)
Median sales price: $650,000 (↑ 7.3%)
With inventory tight and demand steady, condos are selling faster and maintaining upward price momentum.
Key takeaway: Lincoln Park condos remain a sound investment, offering stability and long-term appreciation potential.
🏡 Lincoln Park: Luxury Market Dominates
Lincoln Park’s single-family home market continues to be one of Chicago’s most robust segments.
22 homes for sale, down 61.4% year over year
Average market time: 74 days (↓ 22.9%)
Median sales price: $2,175,000 (↑ 17.3%)
The combination of scarce inventory and strong buyer interest is fueling ongoing price growth. Buyers are moving quickly on high-quality, move-in-ready homes, while sellers enjoy strong returns in this competitive space.
Key takeaway: Lincoln Park’s luxury market remains a seller’s advantage, with significant appreciation potential.
💡 What This Means for Buyers and Sellers
Across both Lake View and Lincoln Park, the data tells a clear story: Inventory is low, homes are selling faster, and prices continue to rise.
For Sellers: Limited inventory means less competition — and more leverage. If you’ve been considering listing, this fall could be your best opportunity to capture peak value.
For Buyers: With fewer homes available, preparation is key. Getting pre-approved and working with an experienced agent helps you move confidently in a fast-paced market.
📈 Looking Ahead
Heading into the final months of the year, Chicago’s North Side remains a market defined by low supply and steady demand. Buyers are motivated, sellers are benefitting from appreciation, and both Lake View and Lincoln Park continue to perform as flagship neighborhoods in the city’s real estate landscape.
💬 Ready to Take the Next Step?
Whether you’re buying, selling, or just exploring your options, it’s essential to have a strategy tailored to today’s evolving market conditions.
📞 Let’s connect to discuss your real estate goals 312.961.4478. Together, we’ll craft a plan that positions you for success in Lake View, Lincoln Park, and beyond.