How Competitive is the Logan Square, IL Housing Market?
Logan Square, a neighborhood in Chicago, IL, is a highly competitive housing market. About 71% of homes sold above list price in the 3 months ending June 2026—up 19 percentage points from a year ago.
The National Picture
Across the U.S., 24.6% of homes sold above list price in June 2026. Logan Square more than doubles that rate at 71.4%, making it one of the more intense markets in the Chicago metro. The national sale-to-list ratio of 98.3% also pales next to the local 105.4%.
Bidding Wars Intensify as Demand Surges
Sales surged 19% year over year in Logan Square while the sold-above rate leapt nearly 20 percentage points. At 105.4% sale-to-list, homes are selling well over asking—comparable to neighboring West Town (62%, 103.8%) but with stronger momentum. Pending sales jumped 22%, confirming that buyer demand is accelerating faster here than in adjacent areas.
Why is Logan Square Highly Competitive?
Logan Square is highly competitive because consistent buyer demand meets a housing stock too small to accommodate everyone looking to purchase. With just 1.8 months of supply and steady inventory (309 active listings, +0% YoY), buyers face a structural shortage. Pending sales surged 22% year over year, confirming strong buyer demand. Only 9% of listings carry price reductions, one of the lowest rates in the metro, indicating sellers can hold firm on pricing. Days on market shrank 6 days from last year, reflecting an accelerating pace.
Nearby Neighborhoods
| Neighborhood | Sold Above List | Sale-to-List | Days on Market | Off Mkt in 2 Wks |
|---|---|---|---|---|
| Logan Square | 71.4% | 105.4% | 36 days | 59.8% |
| North Side | 67.3% | 105.3% | 36 days | 63.8% |
| West Town | 62.0% | 103.8% | 37 days | 64.3% |
| Lincoln Park | 69.2% | 106.0% | 33 days | 62.8% |
| Lake View | 64.2% | 105.0% | 39 days | 64.4% |
| Lincoln Square | 65.6% | 105.5% | 38 days | 64.4% |
Limited to neighborhoods with at least 10 home sales in the period.
All data comes from Redfin and represents a three-month rolling average ending June 2026. This article has been generated, in whole or in part, using generative artificial intelligence (AI) technology, with input from Redfin head of economics research Chen Zhao. While efforts have been made to ensure the accuracy and reliability of this information, you should independently verify all data, facts, and citations contained in this article before relying on it for any purpose. This information is not a substitute for advice from a real estate agent, financial advisor, or other licensed professional. Check the Redfin Data Center for additional in-depth housing market data.
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