Teton Properties Lincoln Square Analysis 2.27.25

Lincoln Square, located on Chicago's North Side, is a vibrant neighborhood known for its rich cultural heritage, diverse dining options, and strong community atmosphere. This report provides potential buyers with an in-depth analysis of Lincoln Square's real estate market trends, property price appreciation, school quality, and lifestyle factors as of February 2025.

Real Estate Market Trends and Price Appreciation

As of January 2025, the Lincoln Square housing market has experienced notable growth:

• Median Sale Price: $609,500, representing a significant 50.8% increase compared to January 2024.

• Average Home Value: $459,607, reflecting a slight decrease of 0.4% over the past year.

• Median Sold Price: $536,250, up 7.6% from the previous year, with a median price per square foot of $310.

• Days on Market: Homes typically sell after 57 days, a slight increase from 51 days in the previous year.

• Sales Volume: In January 2025, 80 homes were sold, up from 62 in January 2024, indicating increased buyer activity.

These figures suggest a dynamic real estate market in Lincoln Square, with rising property values and active sales.

School Quality

Education is a pivotal consideration for families, and Lincoln Square offers access to several reputable schools:

• Lincoln Elementary School: This public school offers a Gifted & Talented program and is performing above average compared to public and charter schools in Illinois with the same grade levels.

• Public Schools: The neighborhood is served by several public schools, with varying ratings and reviews.

These institutions reflect Lincoln Square's commitment to providing quality education across various age groups.

Lifestyle Factors

Lincoln Square offers a rich array of lifestyle amenities that enhance its appeal:

• Cultural Attractions: Known for its cultural heritage, the neighborhood hosts numerous festivals, art galleries, and music venues, fostering a vibrant community atmosphere.

• Dining and Shopping: Lincoln Square boasts a diverse culinary scene, featuring a mix of traditional and contemporary restaurants, cafes, and bars. Boutique shops and local markets offer unique shopping experiences.

• Recreational Spaces: Residents enjoy access to several parks and green spaces, providing opportunities for outdoor activities and community gatherings.

• Transportation: The neighborhood is well-connected through public transportation, with multiple CTA train lines and bus routes facilitating easy commutes. Proximity to major highways also offers convenient access for drivers.

In summary, Lincoln Square combines a robust real estate market with quality educational institutions and a vibrant lifestyle, making it an attractive option for potential buyers seeking a dynamic urban environment.