New Lists Show Hottest Chicago Neighborhoods In Terms Of Home Sales
By Rachel Cromidas in News on Jul 21, 2017 3:42PM
Maria's Packaged Goods and Community Bar (Image Credit: Eric Allix Rogers)
Chicago's hottest neighborhood is... Bridgeport? Could be! The historically Irish-American South Side neighborhood, known for its legacy of Chicago mayors and working-class families, has made the top two on two new lists showing the hottest Chicago neighborhoods where people are buying homes in right now.
(It's been a few years since the folks behind Slightly Insulting Chicago Posters declared Bridgeport "a pretty well-kept secret, considering how many loud people live there," jabbing at how much Bridgeport's denizens love to boast about their 'hood, so we're not surprised the secret's getting out.)
Crain's crunched the numbers on real estate market data provided by the Chicago Association of Realtors for the first half of 2017 to determine which Chicago neighborhoods are most popular among single family home buyers and condo and townhome buyers.
For single family homes, Beverly topped the list, with a median home price of $282,500. Bridgeport came in second at a median home price of $480,000, followed by Irving Park, Montclare and South Chicago. For the hottest condo market neighborhoods, Avondale topped Crain's list with a median home price of $315,000. Bridgeport came in second there too, with a median home price of $254,500, followed by Rogers Park, West Ridge and West Town.
Crain's notes that a "mini-wave" of rehabs of foreclosed homes on formerly blighted bloxes is fueling the interest in South Chicago. And the heat in Avondale's market could be attributed to its proximity to the extremely popular Bucktown and Logan Square communities.
You can check out Crain's full lists here.