West Town Market Report

90-day market data from Chicago MLS — updated February 28, 2026

Seller's Market
$615K Median Sale Price
25 Days to Contract
99% Sale-to-List Ratio
170 Homes Sold (90 days)

Source: MRED MLS, 90-day sold data. Updated February 28, 2026.

Example 2.5% commission on the West Town median of $615K = $15,375. Net Gain's flat fee = $1,995.

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Price Band Breakdown

Where buyers are actually competing in West Town

Price Range Sold Avg Days Sale-to-List Active
$450K-$500K Strongest Demand 18 10d 100% 2
$700K-$750K 14 6d 101% 4
$600K-$650K 17 14d 99% 4
$500K-$550K 14 26d 100% 3
$550K-$600K 13 38d 100% 3
$750K-$800K 9 38d 100% 6
$400K-$450K 18 32d 97% 2

The $450K-$500K range shows the strongest buyer demand with 18 sales averaging 10 days to contract at 100% of asking. Currently 2 active listings competing.

Market Velocity

How fast the West Town market is moving

4%
Price Reduction Rate
Avg 231 days before cut
25d
Median Days to Contract
Fastest 25%: 6 days
1.2
Months of Supply
70 active listings

With only 4% of listings requiring price reductions, West Town sellers who price correctly are finding buyers quickly.

Homes are taking 25 days to contract on average, though competitively priced properties move faster at 6 days.

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 West Town median

Example 2.5% Commission
$15,375
Based on $615K median
vs
Up to $13K 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 25 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 $615K, that's $13,380 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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