West Town Market Report
Condo
90-day market data from Chicago MLS — updated April 8, 2026
Source: MRED MLS, 90-day sold data. Updated April 8, 2026.
Example 2.5% commission on the West Town median of $555K = $11,748. Net Gain's flat fee = $1,995.
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See price band breakdown, market velocity analysis, and personalized listing advice.
Price Band Breakdown
Where buyers are actually competing in West Town
| Price Range | Sold | Avg Days | Sale-to-List | Above Ask | Active |
|---|---|---|---|---|---|
| $400K-$500K Strongest Demand | 52 | 10d | 101% | 24/52 | 4 |
| $500K-$600K | 28 | 14d | 102% | 14/28 | 2 |
| $340K-$400K | 6 | 19d | 100% | 3/6 | 0 |
| $600K-$700K | 18 | 13d | 102% | 9/18 | 0 |
| $700K-$900K | 12 | 8d | 101% | 5/12 | 0 |
The $400K-$500K range shows the strongest buyer demand with 52 sales averaging 10 days to contract at 101% of asking. Currently 4 active listings competing.
Market Momentum
What's happening right now in West Town
13 homes are under contract right now in West Town, nearly matching the 6 active listings. The market is absorbing inventory as fast as it appears.
8 of those went under contract in the last 30 days alone. This is current demand, not historical data.
The Cost of Overpricing
What happens when sellers miss the market in West Town
In a market where correctly priced homes sell in 7 days, overpriced listings in West Town sat 92 days before going under contract. That's 85 extra days on market, and they still had to cut an average of 4%.
The market rewards accurate pricing and penalizes overpricing. The difference between 7 days and 92 days is not luck. It's pricing strategy.
Market Velocity
How fast the West Town market is moving
No active listings have required price cuts—a strong signal that current sellers have priced appropriately from day one.
Correctly priced homes are going under contract in 7 days (median), with the fastest quartile selling in just 4 days.
With 0.5 months of inventory, this remains a seller's market where properly positioned listings have leverage.
What This Means for Your Listing
Commission savings at the West Town median
In a market where correctly priced homes sell in 7 days, the listing agent's job is clear: accurate pricing, professional marketing, and responsive transaction management. These are execution tasks—and you should decide what they're worth.
At $555K, that's $9,753 you keep by choosing flat fee over traditional commission. Same MLS listing. Same buyer exposure. Same professional service.
Or send your address to matthew@netgain.realty for a property-specific analysis
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