Thinking of selling in Chicago?
Tribune Tower Residences homes have sold for a median of $2,787,500 over the past year, typically in about 19 days. It's a buyer's market. Here's the full picture, and what your home is worth today.
$2,787,500
Median sale
12
Homes sold
12 mo
61
Avg. days on mkt
$870
Median $/sqft
10
For sale now
~10 mo supply
Median price by year
▼ 15.4%Price sets the pace
Homes under $1.8M sell in around six weeks, while the $1.8M to $3.5M range, where most of the neighborhood trades, averages about a month.
Prices softening
The median sale price is down about 15.4% year over year, so pricing right matters more than it did a year ago.
Room to negotiate
10 homes for sale against 12 sales a year, about 10 months of supply, which gives buyers more leverage than most nearby markets.
$3,950,000
435 Michigan Avenue
3 bd · 3.5 ba · 3,345 sf · 20d · 93% of list
$1,435,000
435 Michigan Avenue
1 bd · 1.5 ba · 18d · 98% of list
$1,800,000
435 Michigan Avenue
2 bd · 2.5 ba · 26d · 90% of list
$1,400,000
435 Michigan Avenue
2 bd · 2.5 ba · 1,761 sf · 6d · 98% of list
$2,725,000
435 Michigan Avenue
3 bd · 3.5 ba · 3,345 sf · 45d · 99% of list
$3,550,000
435 Michigan Avenue
4 bd · 4.5 ba · 3,950 sf · 32d · 96% of list
$4,495,000
435 Michigan Avenue
4 bd · 4.5 ba · 3,906 sf · 1d · 100% of list
$1,250,000
435 MICHIGAN Avenue
1 bd · 1.5 ba · 1,797 sf · 118d · 97% of list
Sold data via MRED MLS. Shown for market reference; information deemed reliable but not guaranteed.
How fast do homes sell in Tribune Tower Residences?
Over the past year, homes in Tribune Tower Residences have gone under contract in about two months on average (61 days), with the typical home closing in about 19 days.
What is my Tribune Tower Residences home worth?
Homes here have sold for a median of $2,787,500 over the last 12 months, around $870 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 Tribune Tower Residences?
With 10 homes for sale against 12 sales a year, about 10 months of supply, Tribune Tower Residences is a buyer's market. Sellers here have been getting about 97.6% of list price.
Thinking of selling?
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.
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Your local agent
Joe has read every one of the 12 homes that sold in Tribune Tower Residences this past year, at a median of $2,787,500, with the typical home going under contract in about three weeks. Joe knows exactly which price bands move fast in Tribune Tower Residences and which ones sit.
With 10 months of inventory, pricing and prep matter more here than in the tighter pockets nearby. Joe tells you which improvements pay back before you list and where to set the price so your home actually moves. Not a brochure, a real plan.