Lake View Market Report

Condo

90-day market data from Chicago MLS — updated April 07, 2026

Seller's Market
$456K Median Sale Price
6 Days to Contract
100% Sale-to-List Ratio
300 Homes Sold (90 days)

Source: MRED MLS, 90-day sold data. Updated April 07, 2026.

Example 2.5% commission on the Lake View median of $456K = $11,400. 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
$600K–$650K Strongest Demand 16 6d 105% 2
$350K–$400K 19 18d 101% 2
$750K–$800K 15 10d 105% 0
$300K–$350K 32 28d 98% 10
$500K–$550K 12 14d 104% 1

The $600K–$650K range shows the strongest buyer demand with 16 sales averaging 6 days to contract at 105% of asking. Currently 2 active listings competing.

The Cost of Overpricing

What happens when sellers miss the market in Lake View

Market Velocity

How fast the Lake View market is moving

17%
Price Reduction Rate
Avg 62 days before cut
6d
Median Days to Contract
Fastest 25%: 4 days
0.9
Months of Supply
90 active listings

17% of active listings have taken price cuts, suggesting some sellers initially overpriced.

Correctly priced homes are going under contract in 6 days (median), with the fastest quartile selling in just 4 days.

With 0.9 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
$11,400
Based on $456K median
vs
Up to $9K 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 6 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 $456K, that's $9,405 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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