If you’re a homeowner in Wicker Park, Ukrainian Village, or any part of West Town, understanding how this year stacks up against recent trends is key—whether you're thinking about selling or just keeping an eye on your home’s value.
We pulled the latest year-to-date stats from MRED (Midwest Real Estate Data), comparing the first half of 2025 to the same period over the past three years (2022–2024). The results paint a clear picture of how the market is shifting—and how West Town stacks up against broader trends.
👉 This data reflects the full Census-defined West Town area, which includes both Wicker Park and Ukrainian Village.
🧮 2025 vs. Past 3-Year Average: Key West Town Metrics
| Metric | 2022–2024 Avg (Q1+Q2) | 2025 YTD | % Change |
|---|---|---|---|
| New Listings | 724 | 474 | -34.5% |
| Closed Sales | 310 | 287 | -7.4% |
| Average Sales Price | $636,868 | $730,940 | +14.7% |
| List-to-Close Price Ratio | 98.47% | 99.17% | +0.7 pts |
| Average Market Time | 72 days | 72 days | No change |
🔍 What This Means for West Town
🏘️ Listing Activity Has Slowed Significantly
West Town saw a 34.5% drop in new listings compared to the same period over the past three years. That’s one of the steepest declines in inventory we’ve seen across the city so far in 2025. Fewer homes for sale means more competition for buyers—and stronger leverage for sellers.
✅ Sales Volume Holding Surprisingly Strong
Despite the sharp drop in listings, closed sales were down just 7.4%. That suggests there’s still plenty of buyer demand in West Town, especially for well-located or turnkey properties.
💰 Prices Surged Nearly 15%
The average home price in West Town jumped from $636K to $731K year-over-year. That’s a 14.7% increase, reflecting the premium buyers are willing to pay for desirable homes in hot micro-neighborhoods like Wicker Park and Ukrainian Village.
📈 Offers Are Getting Closer to Asking Price
Homes in West Town are now selling for an average of 99.17% of asking, up from 98.47% in previous years. This modest gain further reflects strong buyer competition, especially in a low-inventory environment.
⏱️ Time on Market Is Stable
Average market time held steady at 72 days, suggesting a market that’s moving consistently and efficiently.
🔮 West Town Forecast: What to Expect for Late 2025
Here’s our expert forecast for what’s ahead in West Town:
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Inventory will remain limited as sellers hold out or delay due to interest rates.
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Prices will likely remain elevated, especially for updated homes or those near transit.
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Buyers will need to act fast, particularly in popular pockets like Wicker Park and the Damen Corridor.
🏡 Selling in West Town? Here’s Why Timing Matters
At Camille Canales Group, we specialize in selling homes in Wicker Park, Ukrainian Village, and the greater West Town area. Our listings consistently outperform the market thanks to strategic pricing, expert prep, and strong negotiation.
Whether you’re thinking about upsizing, downsizing, or selling an investment property, we’re here to help you make the most of this moment.
📞 Let’s Talk Strategy
If you're planning to sell in West Town this year—or want a personalized pricing analysis—reach out to Camille Canales Group:
📧 [email protected]
📞 773-377-9200
