Lake View Market Report

90-day market data from Chicago MLS — updated February 19, 2026

Seller's Market
$490K Median Sale Price
14 Days to Contract
100% Sale-to-List Ratio
247 Homes Sold (90 days)

Source: MRED MLS, 90-day sold data. Updated February 19, 2026.

Example 2.5% commission on the Lake View median of $490K = $12,250. Net Gain's flat fee = $1,995.

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Price Band Breakdown

Where buyers are actually competing in Lake View

Price Range Sold Avg Days Sale-to-List Active
$350K-$400K Strongest Demand 16 9d 101% 5
$550K-$600K 15 14d 100% 5
$450K-$500K 16 11d 100% 6
$600K-$650K 14 11d 97% 2
$400K-$450K 16 23d 99% 3
$300K-$350K 22 21d 97% 6
$200K-$250K 21 25d 98% 16

The $350K-$400K range shows the strongest buyer demand with 16 sales averaging 9 days to contract at 101% of asking. Currently 5 active listings competing.

Market Velocity

How fast the Lake View market is moving

11%
Price Reduction Rate
Avg 182 days before cut
14d
Median Days to Contract
Fastest 25%: 6 days
1.2
Months of Supply
97 active listings

With only 11% of listings requiring price reductions, Lake View sellers who price correctly are finding buyers quickly.

The median time to contract is 14 days, with motivated buyers moving within 6 days on well-priced listings.

With 1.2 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 Lake View median

Example 2.5% Commission
$12,250
Based on $490K median
vs
Up to $10K difference
Net Gain Flat Fee
$1,995
Same MLS exposure. Same professional service.
Commission rates are not set by law, vary by brokerage, and are fully negotiable. Buyer's agent compensation is separate and determined by the seller. Net Gain Realty charges a flat fee of $1,995 for listing services.

In a market where correctly priced homes sell in 14 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 $490K, that's $10,255 you keep by choosing flat fee over traditional commission. Same MLS listing. Same buyer exposure. Same professional service.

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Or send your address to matthew@netgain.realty for a property-specific analysis

Data sourced from Midwest Real Estate Data (MRED) MLS. Information deemed reliable but not guaranteed. Data represents recent MLS activity and is provided for informational purposes only. Not a guarantee of future results or property value.

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