Updated October 2026 with MLS sales from January 1 through September 30, 2026.
What are homes selling for in Ravenswood, and are they really selling over asking? From January through September 2026, condos and townhomes in Ravenswood sold for a median of $477,500, and 82.3% of them sold above their list price, based on my search of the MLS. Single-family homes sold for a median of $1,642,500, and the five 2 to 4 unit buildings that sold ranged from $815,000 to $1,950,000.
My office is on Lincoln Avenue, a few blocks from Ravenswood, and I have sold real estate in Chicago for more than 24 years. This post gives you the real numbers by home type, explains why condos keep selling over asking, and covers what that means if you are buying or selling here.
The MLS does not have a Ravenswood area, so I drew the lines myself: Foster Avenue on the north, Montrose Avenue on the south, Damen Avenue on the west, and Clark Street on the east. That covers the streets along the Metra tracks and Ravenswood Avenue, the Damen and Montrose Brown Line stops, and the blocks of Hermitage, Paulina, Wolcott, and Winchester. West of Damen is counted as Lincoln Square.
Ravenswood, Jan to Sep 2026 | Condos and Townhomes | Single-Family Homes | 2 to 4 Unit Buildings |
|---|---|---|---|
Homes sold | 96 | 22 | 5 |
Median sales price | $477,500 | $1,642,500 | $1,110,000 |
Median sale price compared with final list price | 108.3% | 100.0% | 92.2% |
Share that sold above list price | 82.3% | 45.5% | 2 of 5 |
Median price per square foot | $394 | $461 | Not enough data |
Source: MLS (Midwest Real Estate Data LLC), closed sales from January 1 to September 30, 2026 between Foster, Montrose, Damen, and Clark, search run October 16, 2026. At the time of research, deemed reliable but not guaranteed.
Condos are most of the market here, with 96 sales in nine months. The typical condo sold for 108.3% of its final list price, so a condo listed at $450,000 typically closed near $487,000. Every size sold over asking most of the time.
Condo Size | Sales | Median Sales Price | Sold Above List |
|---|---|---|---|
1 bedroom | 20 | $315,000 | 85% |
2 bedrooms | 46 | $442,500 | 78% |
3 or more bedrooms | 30 | $743,250 | 87% |
The busiest stretch was spring. From April through June, 45 condos sold at a median of 111.1% of list, and almost 9 out of 10 went over asking. Summer was still strong, with 36 sales from July through September at a median of 105.0% of list, but buyers had a little more room than they did in May.
The most surprising number is in the 2-bedroom condos without parking. All 14 of them sold over asking, at a median of 112.8% of list, and they sold for a median of $397,750. The 32 two-bedroom condos with a garage or outdoor space sold for a median of $492,750. A lower price means more buyers can afford the unit, and more buyers means more offers, so these condos are often the most competitive way into Ravenswood for a first-time buyer.
Before you buy any condo, look closely at the building as well as the unit. Ask for the budget, the reserve study, and the last 12 months of meeting minutes. My posts on Chicago condo HOA fees and special assessments explain what to look for.
The 22 single-family homes that sold from January through September 2026 had a median price of $1,642,500, ranging from $925,000 on Winchester Avenue to $4,100,000 on Hermitage Avenue. Hermitage alone had 7 of the 22 sales, and every one of them sold for $1,520,000 or more.
Single-Family Homes | Sales | Median Sales Price | Median Sale Price Compared With List |
|---|---|---|---|
Existing homes | 17 | $1,535,000 | 103.8% |
New construction | 5 | $2,125,000 | 97.9% |
All single-family homes | 22 | $1,642,500 | 100.0% |
Existing homes sold over asking more often than new ones. More than half of the existing homes sold above their list price, while none of the five new construction homes did. New construction is often priced at the top of the market, which leaves more room to negotiate. My post on new construction pros and cons covers what to check before you buy one.
Only five buildings with 2 to 4 units sold in Ravenswood in nine months, so each sale tells its own story. Two of the five sold over asking and three sold under, which tells me buyers are paying up for buildings that are priced right and in good shape, and negotiating hard on the rest.
Address | List Price | Sold Price |
|---|---|---|
1705 W. Leland Ave. | $2,199,000 | $1,950,000 |
4948 N. Winchester Ave. | $1,225,000 | $1,125,000 |
1657 W. Winona St. | $950,000 | $1,110,000 |
1501 W. Wilson Ave. | $949,000 | $875,000 |
5132 N. Wolcott Ave. | $750,000 | $815,000 |
If you want to live in one unit and rent the other, my post on how to buy a 2-flat in Chicago walks through the loan options and what to check.
Ravenswood came out ahead of its neighbor this year. In my Lincoln Square home prices update, condos sold for a median of $400,000 and single-family homes for $1,335,000, and 62.8% of condos sold over asking. That search covered the whole MLS Lincoln Square area, which overlaps part of Ravenswood, so the gap between the two blocks of streets is real but not exact.
The two neighborhoods share the Brown Line, the parks, and many of the same restaurants. For how they feel day to day, read my post on Lincoln Square vs. Ravenswood and my Ravenswood neighborhood guide.
With 8 out of 10 condos selling over asking, a well-priced home tends to draw several buyers in the first week. That competition does more for your final price than starting high and lowering it later.
One of my recent listings at 1962 W. Lawrence Ave., just east of Damen, was listed at $375,000, drew three offers above asking, and sold for $415,000. You can read how that sale came together.
If you own a house, especially a newer one, expect buyers to compare it closely with recent sales and negotiate harder than condo buyers do. My post on selling your home in Ravenswood covers how to prepare.
Plan on paying over list for a well-priced condo, and decide your top number before you tour. Get fully pre-approved, have your lender ready to update your approval letter the same day, and be ready to write within a day or two. A condo that has been on the market for a few weeks can be a real opportunity, because the seller may now be more open to negotiating.
Rates are part of the picture too. Freddie Mac's survey showed the 30-year fixed rate at 7.40% on October 15, 2026, and my post on Chicago mortgage rates and your monthly payment shows the math.
See Ravenswood homes for sale between Foster, Montrose, Damen, and Clark on my website
From January through September 2026, condos and townhomes in Ravenswood sold for a median of $477,500 and single-family homes for a median of $1,642,500, based on MLS data at the time of research. The five 2 to 4 unit buildings that sold ranged from $815,000 to $1,950,000.
Most condos are. From January through September 2026, 82.3% of Ravenswood condos and townhomes sold above their list price, at a median of 108.3% of list. Single-family homes typically sold right at list price, and 45.5% sold above it.
The 46 two-bedroom condos that sold from January through September 2026 had a median price of $442,500. Those with parking sold for a median of $492,750, and those without parking sold for a median of $397,750.
The 22 single-family homes that sold from January through September 2026 had a median price of $1,642,500. Existing homes had a median of $1,535,000 and new construction a median of $2,125,000.
For this post, Ravenswood runs from Foster Avenue to Montrose Avenue and from Damen Avenue to Clark Street. The neighborhood sits inside the city's Lincoln Square community area, and people draw its edges in slightly different places, so always check the exact address when you compare prices.
I am Dee Savic, a Chicago Realtor® with Baird & Warner, with an office at 4553 N. Lincoln Ave., a few blocks from Ravenswood. In 2026, my sellers have received 105.07% of their original asking price on average, and I have more than 24 years of experience, more than 300 closed transactions, and more than 190 five-star reviews. You can reach me directly at 773.719.0989.
If you are selling, start with a free home value review. If you are buying, start with my free Chicago Buyer's Course. You can also schedule a complimentary and confidential consultation, or call or text me directly at 773.719.0989.
Market data from my search of the MLS (Midwest Real Estate Data LLC), closed sales from January 1 to September 30, 2026 between Foster Avenue, Montrose Avenue, Damen Avenue, and Clark Street. Mortgage rate from the Freddie Mac Primary Mortgage Market Survey, October 15, 2026. Accurate at the time of research, deemed reliable but not guaranteed.
Dee Savic is a Chicago Realtor® with Baird & Warner, working out of 4553 N. Lincoln Ave. She helps buyers, sellers, and relocation clients across Chicago, including Lakeview, Lincoln Park, Lincoln Square, Ravenswood, North Center, Roscoe Village, Andersonville, Uptown, Bucktown, Wicker Park, and the Gold Coast.
Dee Savic
Realtor® | Baird & Warner
4553 N. Lincoln Ave, Chicago, IL 60625
773.719.0989
[email protected]
deesavic.com
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