Buying a Chicago Luxury Home
The Chicago luxury housing market spans a wide range of prices, locations and architectural genres. Buyers looking for high-end homes will find everything here, from contemporary high-rise penthouses to spacious four-story single-family residences. There’s no limit to the level of lavish features and amenities you can get in a Chicago condo, loft, townhome or house --- and Chicago Luxury Homes will help you find the perfect combination of abundance, comfort, style and affordability.
Chicago is full of sought-after upscale real estate with values that stretch between $700,000 and the multi-millions. From downtown to the outskirts of the city, the types of luxury homes are as varied as the price tags. So, Chicago Luxury Homes is equipped with a selective real estate search engine that allows buyers to explore the vast inventory of top-of-the-line properties in Chicago and the surrounding suburbs. House hunters simply choose their individual search options and Chicago Luxury Homes will do the rest. We take your personal price range, neighborhood preferences, and property type and size specifications to pinpoint listings that fulfill your exacting needs. Then buyers can scan through the results for homes with “wow!”
Chicago Luxury Homes also has a neighborhood specific section that covers local areas ranging from Wrigleyville and Lincoln Park to Logan Square and Greek Town. Buyers can read about the various Chicago neighborhoods with luxury properties and see what each area has to offer. This can be especially beneficial for buyers relocating from other regions, but people already living in the city find it just as useful
Proper research prior to your home search can make a big difference in how smoothly the house hunt goes and really proves valuable when it comes to negotiating purchase price. Chicago Luxury Homes supplies visitors with a number of helpful tools and resources that allow you to delve into the world of upmarket Chicago real estate, right from your own computer. In addition to access to our comprehensive property listings search, our website offers Home Resources and Luxury Research (check out the menu bar above).
But perhaps most importantly, Chicago Luxury Homes presents users with a free-of-charge referral service that matches our guests with an individual broker, ideally suited to your specific high-end housing needs. Our professional residential real estate consultants are experienced buyers’ representatives specializing in luxury properties. Your agent’s familiarity and awareness of Chicago’s higher-priced homes ensures you get the absolute best house, condo, loft, townhome or vacant lot (to build the perfect living space from the ground up).
Just for an idea of what the Chicago luxury home market has to offer, here’s a glimpse of the type of properties and prices available in Chicago’s more expensive residential real estate markets. The average active listing price for detached single-family luxury homes on the Near North Side of Chicago is about $3.2 million, with an average market time of 270+ days. The majority of detached homes for sale in this section of Chicago are priced in the one to two million dollar range. There are roughly 50 detached single-family dwellings currently on the market in the Near North Side, which includes the neighborhoods of Gold Coast, River North, Old Town, Near North and Streeterville. Attached luxury properties (condos, penthouses, lofts and townhomes) in this part of the city have an average listing price of around $1.4 million with an average market time of 220+ days. Right now there is somewhere in the vicinity of 700 to 800 luxury attached units up for sale on the Near North Side.
The average active listing price for detached single-family luxury homes in Lincoln Park is about $2.2 million with an average market time of 190 days. The majority of detached homes for sale in this section of Chicago are priced between one and four million dollars. There are roughly 160 detached single-family dwellings currently on the market in Lincoln Park, which is located two miles north of downtown. Attached luxury properties in this part of the city have an average listing price of around $1.6 million with an average market time of 150 days. Right now, there are over a hundred luxury attached units up for sale in Lincoln Park.
The Loop does not have any detached homes because it is a district of high-rises, but its luxury condo and loft market offers around 200 units currently up for sale. The average listing price for attached properties in the Chicago Loop is $1.5 million with an average market time of 300+ days.