Condo sales in Hyde Park were down 43% and prices were down 36% in the fourth quarter of 2010, compared to 4Q 2009, reports Jeff Baird of Lakeshore Analytics. With a 4Q ’10 median sale price of $120,000 in mind, I looked at what’s available in the South Side neighborhood right now, according to Redfin.
Overall:
- 179 condos available from $33,000 to $1.75 million.
- Average time on market: 211 days.
- Median price: $189,000, price of unit #3B at the Watergate East (at top), 5471 S Hyde Park Blvd, on the market 492 days. Walk Score – 82, Transit Score – 62.
Studios:
- Seven available from $38,900 to $104,900.
- Average time on market: 286 days
- Median price: $55,000, the price of unit #204 at 5135 S Kenwood Ave (above), on the market 315 days. Walk Score – 89, Transit Score – 65.
One bedroom:
- 35 available from $33,000 to $199,500.
- Average time on market: 225 days
- Median price: $108,000, the price of unit #605S at 1400 E 55th Pl (above), on the market 264 days. Walk Score – 94, Transit Score 64.
Two bedrooms:
- 62 available from $39,900 to $690,000.
- Average time on market: 193 days
- Median price: $169,900, the price of unit #621S at 1000 E 53rd St, on the market 148 days. Walk Score – 72, Transit Score – 66.
Three bedrooms or more:
- 75 available from $105,000 to $1.75 million.
- Average time on market: 212 days
- Median price: $299,000, the price of unit #1S at 5215 S Drexel Ave, on the market 333 days. Walk Score – 63, Transit Score – 67.
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