West Loop Market Report
Condo
90-day market data from Chicago MLS — updated April 5, 2026
Source: MRED MLS, 90-day sold data. Updated April 5, 2026.
Example 2.5% commission on the West Loop median of $570K = $14,250. 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 Loop
| Price Range | Sold | Avg Days | Sale-to-List | Above Ask | Active |
|---|---|---|---|---|---|
| $300K-$400K Strongest Demand | 19 | 46d | 103% | 13/19 | 16 |
| $500K-$600K | 17 | 24d | 102% | 9/17 | 3 |
| $400K-$500K | 12 | 37d | 99% | 3/12 | 7 |
| $600K-$700K | 10 | 26d | 99% | 4/10 | 8 |
| $700K-$800K | 6 | 11d | 100% | 4/6 | 3 |
The $300K-$400K range shows the strongest buyer demand with 19 sales averaging 46 days to contract at 103% of asking. Currently 16 active listings competing.
Market Momentum
What's happening right now in West Loop
41 homes are under contract against 57 active listings. Demand is steady, with buyers moving on roughly half of available inventory.
31 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 Loop
In a market where correctly priced homes sell in 15 days, overpriced listings in West Loop sat 100 days before going under contract. That's 72 extra days on market, and they still had to cut an average of 2%.
11 listings expired without selling. Average time on market: 78 days. The data is clear: the market works, but only for homes priced to where buyers are actually competing.
Market Velocity
How fast the West Loop market is moving
With only 9% of listings requiring price reductions, West Loop sellers who price correctly are finding buyers quickly.
Homes are taking 15 days to contract on average, though competitively priced properties move faster at 6 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 West Loop median
In a market where correctly priced homes sell in 15 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 $570K, that's $12,255 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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