Thinking of selling in Chicago?
Sell your home in Lake Point Tower
Lake Point Tower homes have sold for a median of $510,000 over the past year, typically in about 49 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$510,000
Median sale
17
Homes sold
12 mo
57
Avg. days on mkt
$444
Median $/sqft
5
For sale now
~3.5 mo supply
Median price by year
▼ 17.7%What I know about Lake Point Tower
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 17.7% year over year, so pricing right matters more than it did a year ago.
Recently sold in Lake Point Tower
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
Jan 2026$720,000
505 LAKE SHORE Drive
2 bd · 2 ba · 1,450 sf · 81d · 96% of list
Dec 2025$455,000
505 LAKE SHORE Drive
1 bd · 1 ba · 1,100 sf · 144d · 97% 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 (57 days), with the typical home closing in about 49 days.
What is my Lake Point Tower home worth?
Homes here have sold for a median of $510,000 over the last 12 months, around $444 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 17 sales a year, about 3.5 months of supply, Lake Point Tower is a seller's market. Sellers here have been getting about 98.3% of list price.
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
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