The Lake View condo market in 2026 strongly favors sellers. Over the last 90 days, 134 condos sold at a median of $580,000, went under contract in a median of 6 days at 105% of list price, with 72% selling above asking and only 0.4 months of supply. A correctly priced Lake View condo sells quickly and over asking because of high buyer demand and low inventory, which is why the percentage commission a seller pays does not change the result the market already produces.
The short version
- Median sale price (last 90 days): $580,000
- Median days to contract: 6
- Median sale-to-list ratio: 105%
- Condos sold over asking: 72%
- Condos sold (last 90 days): 134
- Months of supply: 0.4 (about 12 days of inventory)
- Pipeline: 56 condos pending against roughly 19 active listings, a 2.9 to 1 ratio
- Strongest month this year: May 2026, median $602,300
What is the Lake View condo market like in 2026?
Lake View is one of the most in-demand condo markets in Chicago, and the 2026 data shows it. In the last 90 days, 134 condos closed at a median price of $580,000. Prices climbed through the spring, peaking in May 2026 at a $602,300 median. This is not a slow market searching for buyers. It is a market with far more demand than supply.
How much does a 2-bedroom condo sell for in Lake View?
The median Lake View condo sale over the last 90 days was $580,000, and most units closed at or above their asking price. The median sale-to-list ratio was 105%, and 72% of condos sold for more than the list price. In practice, that means a well-priced 2-bedroom condo in Lake View is not just selling, it is selling for a premium over its list price.
How fast do condos sell in Lake View?
The median Lake View condo goes under contract in 6 days. That speed is a direct result of supply. There are only about 0.4 months of inventory on the market, which works out to roughly 12 days. If no new condos were listed, every condo currently for sale would be gone in under two weeks.
Is Lake View a buyer’s or seller’s market right now?
It is firmly a seller’s market. Two numbers tell the story: 0.4 months of supply, and 56 condos pending against about 19 active listings. That is nearly three condos under contract for every one still available. When buyers in contract outnumber active listings almost three to one, sellers hold the leverage on price and terms.
Lake View condo closed sales by month
| Month | Closed | Median price | Median days | Sale to list |
|---|---|---|---|---|
| Nov 2025 | 26 | $565,000 | 9 | 100% |
| Dec 2025 | 31 | $575,000 | 18 | 98% |
| Jan 2026 | 16 | $540,000 | 29 | 98% |
| Feb 2026 | 26 | $563,500 | 8 | 100% |
| Mar 2026 | 29 | $535,000 | 15 | 100% |
| Apr 2026 | 40 | $577,500 | 7 | 100.5% |
| May 2026 | 46 | $602,300 | 7 | 100.5% |
| Jun 2026 | 33 | $575,000 | 6 | 100.5% |
The spring pattern
The pattern is clear. Volume and price both rose into the spring selling season, and days on market tightened from 29 in January to 6 in June.
What does it cost to sell a condo in Lake View?
Most of the cost of selling a condo is fixed. The city, county, and state transfer taxes, the title work, the attorney, and your mortgage payoff are set by the deal and the government, not by your agent. You can see every one of those lines on a Chicago seller net sheet. There is exactly one cost a seller actually controls: the listing fee.
The one cost a seller controls
Traditionally, the listing fee has been a percentage of the sale price, usually around 2.5%. On an example $580,000 Lake View condo, an example 2.5% is roughly $14,500. Net Gain Realty lists that condo, full service, on the MLS, for a flat fee of $1,995. On that sale, the difference of more than $12,000 would stay with the seller.
What a flat fee changes, and what it does not
A flat fee does not change what your condo is worth. The market sets that. It changes what you pay to put your condo in front of the market. And in a market with 12 days of supply and a three to one pending ratio, the demand and the low inventory are what drive the sale, not the size of the commission. I believe a percentage commission is a tax on a seller’s equity, and that it does not buy a better outcome than the Lake View market already delivers.
Related guides
- What real estate commission costs in Chicago (2026)
- Flat-fee realtor in Chicago, explained
- Do you still pay commission after the NAR settlement?
- Estimate your net proceeds with the home sale calculator
Figures are examples and estimates, not guarantees. Commission rates vary by brokerage and are fully negotiable. Illinois closings involve an attorney.