Thinking of selling in Chicago?
Sell your home in Lake Point Tower
Lake Point Tower homes have sold for a median of $517,500 over the past year, and the typical one went under contract in 30 days. It's a seller's market. Here's the full picture, and what your home is worth today.
The Lake Point Tower market right now
Live from MLS closings · last 12 months$517,500
Median sale
12
Homes sold
12 mo
30
Median days on mkt
$448
Median $/sqft
2
For sale now
~2 mo supply
Median price by year
▼ 15.3%What the sales data shows in Lake Point Tower
Price sets the pace
Homes above $665K typically go under contract in 27 days, while the $470K to $650K range, where most of the neighborhood trades, typically takes 14 days.
A seller's market
Just 2 homes for sale against 12 sales a year, roughly 2 months of supply, firmly a seller's market.
Prices softening
The median sale price is down about 15.3% year over year, so pricing right matters more than it did a year ago.
Recently sold in Lake Point Tower
Aug 2026$525,000
505 Lake Shore Drive
2 bd · 2 ba · 1,450 sf · 92d
Jul 2026$650,000
505 LAKE SHORE Drive
2 bd · 2 ba · 1,450 sf · 4d · 98% of list
Jun 2026$665,000
505 Lake Shore Drive
2 bd · 2 ba · 1,450 sf · 39d · 95% of list
Jun 2026$439,339
505 Lake Shore Drive
1 bd · 1 ba · 10d · 120% of list
May 2026$470,000
505 LAKE SHORE Drive
1 bd · 1 ba · 1,100 sf · 7d · 100% of list
Apr 2026$664,900
505 LAKE SHORE Drive
2 bd · 2 ba · 1,450 sf · 14d · 100% of list
Apr 2026$510,000
505 LAKE SHORE Drive
1 bd · 1 ba · 1,100 sf · 21d · 97% of list
Jan 2026$450,000
505 LAKE SHORE Drive
1 bd · 1 ba · 1,140 sf · 121d · 96% of list
Sold data via MRED MLS. Shown for market reference; information deemed reliable but not guaranteed.
Selling in Lake Point Tower: common questions
How fast do homes sell in Lake Point Tower?
Over the past year, the typical home in Lake Point Tower went under contract in 30 days. That is the median market time of the homes that sold in the last 12 months.
What is my Lake Point Tower home worth?
Homes here have sold for a median of $517,500 over the last 12 months, around $448 per square foot. Every home is different, so request a free, no-obligation valuation for a figure specific to yours.
Is now a good time to sell in Lake Point Tower?
With 2 homes for sale against 12 sales a year, about 2 months of supply, Lake Point Tower is a seller's market. Sellers here have been getting about 99.6% of list price.
Your local agent
Selling in Lake Point Tower? Talk to Joe
12 homes sold in Lake Point Tower over the past year at a median of $517,500, and the typical one went under contract in 30 days. Joe can walk you through which price bands are moving fastest in Lake Point Tower and which ones sit.
With only 2 months of inventory, the risk here isn't finding a buyer; it's underpricing and leaving money on the table. Joe prices off the actual Lake Point Tower comps, not a national average, and sellers here have been getting about 99.6% of list price. Text or call any time for a straight read on your number.
Thinking of selling?
What's your home actually worth?
Not a Zestimate. A real CMA built on the homes that actually sold around you, adjusted for the floor plan, condition and upgrades that move the price.
- Pricing range with comp-by-comp logic
- Pre-list improvements that pay back, and the ones that don't
- No obligation, no spam, no auto-dialer
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