Lincoln Park Market Report

Attached/Condo

90-day market data from Chicago MLS — updated April 5, 2026

Seller's Market
$677K Median Sale Price
6 Days to Contract
101% Sale-to-List Ratio
196 Homes Sold (90 days)

Source: MRED MLS, 90-day sold data. Updated April 5, 2026.

Example 2.5% commission on the Lincoln Park median of $677K = $16,936. Net Gain's flat fee = $1,995.

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Price Band Breakdown

Where buyers are actually competing in Lincoln Park

50 of 196 homes
sold above asking price (65%)
Price Range Sold Avg Days Sale-to-List Above Ask Active
$600K-$700K Strongest Demand 26 28d 101% 12/26 4
$800K-$900K 21 13d 103% 14/21 2
$400K-$500K 22 20d 102% 11/22 6
$200K-$300K 23 19d 99% 6/23 8
$300K-$400K 19 26d 100% 7/19 1

The $600K-$700K range shows the strongest buyer demand with 26 sales averaging 28 days to contract at 101% of asking. Currently 4 active listings competing.

Market Momentum

What's happening right now in Lincoln Park

86
Under Contract
2.2x pending-to-active ratio
65
Contracts Last 30 Days
Current buyer activity
$680K
Pending Median Price
Where buyers are competing

86 homes are under contract right now in Lincoln Park, nearly matching the 40 active listings. The market is absorbing inventory as fast as it appears.

65 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 Lincoln Park

+103 days
Overpriced listings sit 103 days longer on average
27d
Days on market
Correctly priced
130d
Days on market
Required price cut
7%
Average reduction
After sitting on market
5 listings expired without selling
Listed $2.9M
93 days on market
Listed $2.9M
77 days on market
Listed $2.9M
25 days on market
Listed $2.9M
49 days on market
Listed $2.9M
61 days on market

In a market where correctly priced homes sell in 6 days, overpriced listings in Lincoln Park sat 130 days before going under contract. That's 103 extra days on market, and they still had to cut an average of 7%.

5 listings expired without selling. Average time on market: 61 days. The data is clear: the market works, but only for homes priced to where buyers are actually competing.

Market Velocity

How fast the Lincoln Park market is moving

13%
Price Reduction Rate
Avg 41 days before cut
6d
Median Days to Contract
Fastest 25%: 3 days
0.6
Months of Supply
40 active listings

With only 13% of listings requiring price reductions, Lincoln Park sellers who price correctly are finding buyers quickly.

Correctly priced homes are going under contract in 6 days (median), with the fastest quartile selling in just 3 days.

With 0.6 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 Lincoln Park median

Example 2.5% Commission
$16,936
Based on $677K median
vs
Up to $15K 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 $677K, that's $14,941 you keep by choosing flat fee over traditional commission. Same MLS listing. Same buyer exposure. Same professional service.

Book a Strategy Call

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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