Wednesday, September 24, 2025 / by Andrey Rudnitsky
Every week we share a quick snapshot of the entire Chicago metro area across all price ranges to our email list. Once a month, we take it a step deeper with a neighborhood breakdown in the areas where our team works most often. Below you’ll find the latest numbers, charts, and our takeaways.
Entire Chicago Metro MLS (Benchmark) Vs. City Neighborhoods
Median Prices 12-Month Rolling Prices
Source: InfoSparks, Chicago MLS
We compared median home prices across the full Chicago metro (all city / suburbs included, the benchmark) with three downtown-adjacent neighborhoods:
• Near North Side (Streeterville, River North, etc.)
• Near West Side (West Loop, Fulton Market, River West)
• Lincoln Park
Here’s what stood out:
• The broader Chicago metro area saw steady, mid-single-digit growth in 2024 and 2025.
• The denser neighborhoods near downtown ...
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chicago high rise condo, home price trends, big picture, chicago metro price trends, market trends
Thursday, December 12, 2024 / by Andrey Rudnitsky
Please note these are my independent thoughts and ideas and are not considered investment advice. Here is a link to the YouTube video walking through the blog post. #1 BIG PICTURE: Fed has lowered rates 75 bps since September, but why are rates up almost 100 bps?
In September 2024, the Federal Reserve lowered rates by 0.50% and again by 0.25% in November 2024. This is a total Federal Funds rate reduction of 0.75% from September. Since then, mortgage and vehicle finance rates have increased between 0.70% to 0.90%. That’s a more than a 1.40% divergence between the Fed cuts and the upward trend in mortgage rates. Why has this happened?
Source: https://www.mortgagenewsdaily.com
When the Federal Reserve changes their target rate, this typically is only for rates on short-term loans (1, 2, 3-Month US Treasuries). This typically impacts business loans which have floating rates based-off short-term US Treasury benchmarks which drives SOFR. This is called the short end of the yield. ...
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chicago high rise condo, home price trends, federal reserve rate cuts, market trends, big picture, economy
Wednesday, June 15, 2022 / by Andrey Rudnitsky
In this video we discuss the following tips for buying a condo in downtown Chicago. Please watch the video for the details.
1) Know your timeframe for living in Chicago. If you plan to be in Chicago for 1 to 2 years, it’s probably better to rent. If you are here for the longer term, approximately 3 or more years, you should consider buying. The breakeven point in terms of selling expenses would be approximately 3 to 4 years assuming the market does not change.
2) Know your price range. There are a lot of variables that impact the cost of owning your condo including taxes, monthly HOA dues, mortgage interest rates, down payment, etc. Knowing what you can afford is crucial and we recommend talking to a lender before starting your search to determine this.
3) What type of area would you like to live in? Chicago has many neighborhoods and each one is a little different. Do you need to be close to your office? Would you like to be in a less busy neighborhood or would you prefer to ...
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