We have clients looking exclusively for a new construction condo in Lincoln Park. Buying new comes with a premium. Searching for new construction also requires a lot of networking with developers and agents as many units will go under contract before hitting the MLS. When using a general MLS search we can add new construction classification to the criteria.
- 17 condos (attached unit and townhomes) listed as new construction in our MLS (MREDLLC.com) have closed in the first quarter of this year (January 1st to March 31st). The median price of a sold new construction unit is about $1.3M.
- In the entire year of 2024, 25 attached new construction condo units closed over with a median price of about $1.5M. The least expensive unit to sell was a two beds, two baths at 2559 N Marshfield #2 for $759,000.
- 9 new construction condos are currently listed for sale with asking prices ranging from $899,000 to $3,500,000. I've identified another five or six new construction projects listed on MLS Private Network. Additionally, there are unlisted projects going up and in development.
- 15 condo units are currently listed as under contract on the MLS from $739,000 to $3,350,000.