How Competitive is the West Town, Chicago, IL Housing Market?
West Town, a neighborhood in Chicago, IL, is a highly competitive housing market. About 62% of homes sold above list price in the 3 months ending June 2026, and the typical home sold in just 37 days.
The National Picture
Nationally, about 25% of homes sold above asking in June 2026 with a median of 50 days on market. West Town far exceeds that pace—its 62.0% sold-above rate is more than double the national figure, and homes here spend a median of just 37 days on market. Buyers in this area face significantly more pressure than in the typical U.S. market.
Steady Gains Without the Bidding Frenzy
West Town's 62% sold-above rate is paired with a 103.8% sale-to-list ratio—strong but below the 105%+ levels in Logan Square (105.4%) and Lincoln Park (106.0%). With 525 homes sold (+11% YoY) across 804 active listings, this is a high-volume market where well-priced homes attract multiple offers but overpriced ones still have to adjust. About 64% went under contract within two weeks, matching Lake View's pace.
Why is West Town Highly Competitive?
West Town is highly competitive because sustained demand and contracting supply leave buyers with few options and little negotiating room. With just 1.6 months of supply and declining inventory (804 active listings, -1% YoY), buyers face a structural shortage. Pending sales grew 14% year over year, confirming steady buyer demand. Only 8% of listings carry price reductions, one of the lowest rates in the metro, indicating sellers can hold firm on pricing. Days on market shrank 4 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 |
|---|---|---|---|---|
| West Town | 62.0% | 103.8% | 37 days | 64.3% |
| North Side | 67.3% | 105.3% | 36 days | 63.8% |
| Logan Square | 71.4% | 105.4% | 36 days | 59.8% |
| Lincoln Park | 69.2% | 106.0% | 33 days | 62.8% |
| Lake View | 64.2% | 105.0% | 39 days | 64.4% |
| North Center | 69.7% | 105.4% | 34 days | 69.6% |
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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