Thinking of selling in Chicago?
Sell your home in Park Tower
Park Tower homes have sold for a median of $575,000 over the past year, typically in about 26 days. It's a seller's market. Here's the full picture, and what your home is worth today.
The Park Tower market right now
Live from MLS closings · last 12 months$575,000
Median sale
16
Homes sold
12 mo
39
Avg. days on mkt
$413
Median $/sqft
4
For sale now
~3 mo supply
Median price by year
▲ 230%What I know about Park Tower
Timing matters
May is the window: homes listed then go under contract in about three weeks, while April listings have taken about three months.
Values climbing
The median sale price is up about 230% year over year, so equity has been building for owners here.
Price sets the pace
Homes under $250K sell in about three weeks, while the $250K to $1.0M range, where most of the neighborhood trades, averages about a month.
Recently sold in Park Tower
Sep 2026$4,200,000
800 MICHIGAN Avenue
4 bd · 3.5 ba · 5,250 sf · 16d · 100% of list
Aug 2026$1,040,000
800 Michigan Avenue
2 bd · 2.5 ba · 2,000 sf · 47d · 90% of list
Aug 2026$990,000
800 Michigan Avenue
2 bd · 2.5 ba · 2,052 sf · 29d · 90% of list
Jul 2026$1,700,000
800 Michigan Avenue
3 bd · 3.5 ba · 3,025 sf · 38d · 85% of list
$205,000
5415 SHERIDAN Road
1 bd · 1 ba · 680 sf · 4d · 100% of list
May 2026$1,250,000
800 Michigan Avenue
2 bd · 2.5 ba · 2,030 sf · 45d · 96% of list
May 2026$150,000
5415 SHERIDAN Road
0 bd · 1 ba · 565 sf · 16d · 94% of list
May 2026$825,000
800 MICHIGAN Avenue
2 bd · 2.5 ba · 2,000 sf · 2d · 97% of list
Sold data via MRED MLS. Shown for market reference; information deemed reliable but not guaranteed.
Selling in Park Tower: common questions
How fast do homes sell in Park Tower?
Over the past year, homes in Park Tower have gone under contract in around six weeks on average (39 days), with the typical home closing in about 26 days.
What is my Park Tower home worth?
Homes here have sold for a median of $575,000 over the last 12 months, around $413 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 Park Tower?
With 4 homes for sale against 16 sales a year, about 3 months of supply, Park Tower is a seller's market. Sellers here have been getting about 96.5% of list price.
Your local agent
Joe knows Park Tower
Joe has read every one of the 16 homes that sold in Park Tower this past year, at a median of $575,000, with the typical home going under contract in about a month. Joe can tell you whether to list now or hold for the window that sells fastest here.
With only 3 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 Park Tower comps, not a national average, and sellers here have been getting about 96.5% 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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