Thinking of selling in Chicago?
Sell your home in Lake Point Tower
Lake Point Tower homes have sold for a median of $587,500 over the past year, typically in about 47 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$587,500
Median sale
16
Homes sold
12 mo
58
Avg. days on mkt
$448
Median $/sqft
5
For sale now
~3.8 mo supply
Median price by year
▼ 15.3%What I know about Lake Point Tower
Price sets the pace
Homes above $670K sell in about two months, while the $470K to $665K range, where most of the neighborhood trades, averages about a month.
Timing matters
April is the window: homes listed then go under contract in about two weeks, while September listings have taken about 4 months.
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, homes in Lake Point Tower have gone under contract in about two months on average (58 days), with the typical home closing in about 47 days.
What is my Lake Point Tower home worth?
Homes here have sold for a median of $587,500 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 5 homes for sale against 16 sales a year, about 3.8 months of supply, Lake Point Tower is a seller's market. Sellers here have been getting about 98.2% of list price.
Your local agent
Joe knows Lake Point Tower
Joe has read every one of the 16 homes that sold in Lake Point Tower this past year, at a median of $587,500, with the typical home going under contract in around six weeks. Joe knows exactly which price bands move fast in Lake Point Tower and which ones sit.
With only 3.8 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 98.2% 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 from someone who's sold this neighborhood, knows the floor plan premiums, and can tell you which upgrades the buyer pool here actually pays for.
- 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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