Morgan Park Market Report
90-day market data from Chicago MLS — updated January 25, 2026
Source: MRED MLS, 90-day sold data. Updated January 25, 2026.
Example 2.5% commission on the Morgan Park median of $280K = $7,000. Net Gain's flat fee = $1,995.
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Price Band Breakdown
Where buyers are actually competing in Morgan Park
| Price Range | Sold | Avg Days | Sale-to-List | Active |
|---|---|---|---|---|
| $200K-$250K Strongest Demand | 5 | 56d | 103% | 4 |
| $300K-$350K | 8 | 13d | 98% | 4 |
| $250K-$300K | 11 | 21d | 98% | 5 |
| $450K-$500K | 4 | 55d | 99% | 0 |
| $350K-$400K | 5 | 65d | 97% | 4 |
The $200K-$250K range shows the strongest buyer demand with 5 sales averaging 56 days to contract at 103% of asking. Currently 4 active listings competing.
Market Velocity
How fast the Morgan Park market is moving
22% of active listings have taken price cuts, suggesting some sellers initially overpriced.
Homes are taking 21 days to contract on average, though competitively priced properties move faster at 9 days.
With 1.9 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 Morgan Park median
In a market where correctly priced homes sell in 21 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 $280K, that's $5,005 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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