04/13/2026
📣📣Gather Round, Story Time📣📣
Let me tell you about a condo on Cornelia.
2 bed, 1 bath. Maybe 900 square feet. Vintage building, nice rehab, updated finishes. Nothing flashy. Listed Wednesday at $400,000.
By Friday morning they stopped taking showings.
Not because it sold. Because the offers were already stacking up and they didn’t need more people walking through. Sellers can sign only one.
I’ve been selling in Chicago for 13+ years. A place like that used to move at $250k. Off Ashland, Lakeview/ SP Corridor adjacent, cute but nothing special. Four hundred thousand dollars with a bidding war on top of it. My guess? 450k.
I’m struggling to fully get my head around this market right now. Not because I don’t understand it. I do. Low inventory, high demand, buyers willing to waive everything just to get a contract accepted. The data backs it up.. and so many factors creating this market. A recent article noted that roughly 70% of homes in the Lincoln Park/Lakeview/Wicker Park corridor sold over asking in the past month.
And here’s the part that really gets me. The usual fallback is “just rent for a while.” Wait it out. Let the market cool. But rents in Chicago aren’t giving anybody a break right now either. You’re paying through the nose either way with dynamic pricing and hikes. Buy and fight 10 other offers, or rent and hand over a check every month with nothing to show for it. Neither option feels great. That’s just the reality of living in this city and burbs right now.
As an agent who gets paid when people buy and sell, I’m not sure I’d even recommend jumping in right now. Sure, make money on the sale, but lose in the buy….but if you have to move or can’t stand where you are, let’s talk.
Super tough market with a lot of new agents. If you’re buying or selling, you need someone who knows how to win in this. Not just compete. Win. I’ve done it in markets like this before and my clients will tell you exactly that. Go check my reviews. The receipts are there.
Questions, hit me. I will never pressure you into anything and my reviews show it.
