Selling a Home in Logan Square, Chicago
If you’re considering selling in Logan Square, the data below can help you understand current market conditions, what homes are actually selling for, and what the process may cost. This guide uses 90 days of closed MLS sales data — updated regularly — so you’re working with recent numbers, not last year’s trends.
Logan Square Market Overview
The Logan Square attached home market has seen 65 closed sales over the past 90 days. Here’s a summary of current conditions:
| Metric | Value |
|---|---|
| Median Sale Price | $507,500 |
| Days to Contract | 24 days |
| Sale-to-List Ratio | 99% |
| Homes Sold (90 days) | 65 |
| Active Listings | 15 |
| Months of Supply | 0.7 |
| Price Reductions | 0% of listings |
With 0.7 months of supply, Logan Square has exceptionally low inventory relative to buyer demand. For context, a balanced market is generally considered to be around 6 months of supply. That scarcity tends to favor sellers — but the 24-day average time to contract tells a more nuanced story than the inventory number alone.
The 99% sale-to-list ratio means sellers are, on average, landing within 1% of their asking price. And the 0% price reduction rate is remarkable — not a single listing in the past 90 days required a price cut before selling. That level of pricing accuracy is unusual for any Chicago neighborhood and suggests sellers are entering the market well-informed.
Price Band Performance
Not all price ranges perform equally. Here’s how different price bands have performed over the past 90 days:
| Price Range | Sold | Avg Days | Sale-to-List | Active |
|---|---|---|---|---|
| $600K-$650K | 7 | 6 days | 102% | 1 |
| $450K-$500K | 4 | 6 days | 98% | 0 |
| $800K-$850K | 4 | 21 days | 99% | 0 |
| $550K-$600K | 8 | 32 days | 99% | 3 |
| $500K-$550K | 4 | 71 days | 99% | 1 |
| $400K-$450K | 7 | 73 days | 99% | 0 |
| $300K-$350K | 11 | 57 days | 99% | 0 |
The $600K-$650K range stands out: 6-day average to contract, 102% of asking price, and only 1 active listing. This is the only band where sellers are consistently getting above their asking price — a sign of strong buyer competition at that price point.
What makes Logan Square’s data unusual is the wide gap in absorption speed. The $450K-$500K band also moves in approximately 6 days, but the $400K-$450K and $500K-$550K bands — immediately adjacent — take 71-73 days. This suggests that Logan Square buyers have very specific price thresholds. Homes priced in the sweet spots sell fast; homes that fall between them sit.
The $300K-$350K band has the highest volume (11 sales) but averages 57 days on market. This is likely the entry-level condo segment where buyers are more rate-sensitive and may be comparing options across multiple neighborhoods.
What this means for your pricing decision: If your home can realistically list in the $450K-$500K or $600K-$650K range, the data supports pricing at or slightly below the top of those bands to capture fast-moving buyer demand. If you’re between sweet spots — say $520K or $420K — consider whether a strategic price adjustment could move you into a faster-selling band rather than sitting for 70+ days.
What It Costs to Sell in Logan Square
Closing costs are one of the most misunderstood parts of selling a home. Here’s an estimated breakdown for a Logan Square home at the current median price of $507,500:
| Cost | Estimated Amount |
|---|---|
| Listing Agent Commission (varies) | $1,995 - $12,688 |
| Buyer Agent Commission (example 2.5%) | $12,688 |
| Chicago Transfer Tax (1.05%) | $5,329 |
| Illinois State Transfer Tax | $508 |
| Cook County Transfer Tax | $254 |
| Title Insurance (approx. 0.4%) | $2,030 |
| Attorney Fees | $750 |
| Misc Closing Costs | $300 |
The listing agent commission is the single largest variable in your closing costs. At 2-3% of the sale price, it could range from roughly $10,150 to $15,225 on a $508K home. Flat-fee alternatives exist that charge a fixed amount — for example, $1,995 — regardless of sale price. The difference in this case would be approximately $10,693.
Commission rates are not set by law and are fully negotiable. Buyer agent compensation is separate and determined as part of the listing agreement.
For a personalized estimate based on your specific sale price, use the closing cost calculator.
Pricing Strategy: What the Data Tells Us
Zero percent of Logan Square listings reduced their price before selling over the past 90 days. That is an unusually clean number — it means every seller who listed during this period either priced correctly from the start or was willing to wait for a buyer at their original price.
This tells us two things:
- Logan Square sellers are pricing with precision. Whether through strong agent guidance or personal research, the 0% cut rate suggests sellers are entering the market with realistic expectations.
- The market is absorbing even the slower-moving price bands without concessions. Even homes that took 57-73 days to sell did so without reducing their price. Buyers eventually came to the seller’s number.
That said, “eventually” matters. A home that sells at 99% of asking after 73 days has a very different cost profile than one that sells at 102% after 6 days. The carrying costs alone — mortgage payments, insurance, taxes, maintenance — can erode any benefit of holding firm on price.
The fastest-selling Logan Square properties (top 25%) go under contract in approximately 9 days. These tend to cluster in the $450K-$500K and $600K-$650K bands — price points where buyer demand clearly outpaces supply.
Your Listing Options
When you’re ready to sell in Logan Square, you generally have three paths:
Traditional full-service agent (2-3% listing commission). You’ll work with an agent who handles pricing, photography, MLS listing, showings, negotiations, and closing. The fee is typically a percentage of the sale price — at $508K, that’s an estimated $10,150 to $15,225.
Flat-fee brokerage ($1,995 or similar fixed fee). Same MLS exposure, professional photography, and full-service support — but the listing fee is a flat dollar amount regardless of sale price. On a $508K home, the estimated savings compared to a 2.5% commission would be approximately $10,693.
For sale by owner (FSBO). You handle everything yourself. No listing commission, but also no MLS access (without a separate flat-fee MLS listing), no professional pricing guidance, and no negotiation support. FSBO homes in competitive markets like Logan Square may sell for less than agent-listed homes, though results vary.
Each option has trade-offs. The right choice depends on your experience, timeline, and how much of the process you want to manage yourself.
Net Gain Realty offers the flat-fee option at $1,995 for Logan Square sellers. See what’s included in a free seller report.
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. All figures on this page are estimates for illustrative purposes only.
Frequently Asked Questions
What is the median home price in Logan Square in 2026?
As of February 2026, the median sale price for attached homes in Logan Square is approximately $508K, based on 65 closed sales over the past 90 days. Prices vary significantly by price band — the $600K-$650K range is currently the most competitive, with homes selling at approximately 102% of asking price.
How long does it take to sell a home in Logan Square?
Logan Square homes are currently going under contract in approximately 24 days on average, though timing varies widely by price band. Homes in the $450K-$650K range are moving faster — as quickly as 6 days in some bands. The fastest 25% of sales close in approximately 9 days.
What does it cost to sell a home in Logan Square?
Estimated closing costs for a Logan Square home sale at the median price include Chicago transfer tax (approximately $5,329), state and county transfer taxes, title insurance, attorney fees, and listing commission. Total estimated costs depend on your listing fee structure.
Is Logan Square a seller’s market in 2026?
Current data suggests tight inventory conditions: approximately 0.7 months of supply, 99% sale-to-list ratio, and 0% of listings reducing their price. However, the 24-day average time to contract indicates buyers are taking longer to commit than in some neighboring areas, and conditions vary significantly by price range.
What are Logan Square transfer taxes?
Logan Square is within Chicago city limits, so sellers may pay the Chicago transfer tax of $5.25 per $500 (approximately 1.05%), plus state and county transfer taxes. On a $508K sale, total estimated transfer taxes are approximately $6,091.
Related Resources
- Logan Square Seller Report — Detailed price band breakdown, inventory analysis, and market velocity data
- Home Sale Calculator — Estimate your net proceeds with different commission structures
- Chicago Real Estate Commission Rates — How the NAR settlement changed commission negotiation
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