Lincoln Park, Chicago, IL Real Estate Market

Sellers in Lincoln Park hold a strong position, with a competition score of 91 and a median days on market of only 10 days confirming that serious buyer demand is driving this market. The median sale price of $2,750,000 and a price per square foot of $603.45 signal that well-priced homes are achieving premium value right now.

Buyers in Lincoln Park need to be ready to move quickly, as homes are going under contract in a median of just 10 days within a market scoring 91 on competition. Entry price points range from $190,000 for studios to $949,900 for 3-bedroom homes, though the overall market skews heavily toward luxury at a median sale price of $2,750,000.

Lincoln Park offers investors a substantial rental market with 1,251 rental units available and a median rent of $2,694, providing meaningful scale across multiple unit types. Rental income potential spans from $1,775 for studios up to $6,300 for 5-bedroom units, giving investors flexibility to target different price tiers within this high-demand neighborhood.

The current 30-year fixed mortgage rate of 6.37% and 15-year fixed rate of 5.72% carry significant financial weight in a market where the median sale price is $2,750,000. Even a modest rate difference translates into substantial cost variation over the life of a loan at this price point, making rate strategy a critical part of any purchase decision.