How Competitive is the Lincoln Square, IL Housing Market?
Lincoln Square, a neighborhood in Chicago, IL, is a highly competitive housing market. About 65% of homes sold above list price in the 3 months ending June 2026—up 13 percentage points from a year ago.
The National Picture
U.S. homes sold above asking at a 24.6% clip in June 2026. In Lincoln Square, that figure reaches 65.6%—nearly three times the national rate. The gap makes clear that buyers here need to come prepared to compete aggressively from day one.
Prices Jump 20 Percent Amid Fewer Sales
Prices climbed 20% year over year to $610,000, the steepest appreciation among these North Side neighborhoods. Despite that surge, homes still sell at 105.5% of asking and 64% go pending within two weeks. The catch: sales volume dropped 21%, signaling that fewer buyers can keep up with rising prices. Neighboring Lake View (64% sold above) offers similar competition at a slightly lower price point.
Why is Lincoln Square Highly Competitive?
Lincoln Square is highly competitive because dwindling inventory forces a growing number of buyers to compete for fewer available homes. Pending sales grew 8% year over year, confirming steady buyer demand. Only 8% of listings carry price reductions, one of the lowest rates in the metro, indicating sellers can hold firm on pricing. A 3-day increase in days on market has not eased the competition.
Nearby Neighborhoods
| Neighborhood | Sold Above List | Sale-to-List | Days on Market | Off Mkt in 2 Wks |
|---|---|---|---|---|
| Lincoln Square | 65.6% | 105.5% | 38 days | 64.4% |
| Lake View | 64.2% | 105.0% | 39 days | 64.4% |
| North Center | 69.7% | 105.4% | 34 days | 69.6% |
| Irving Park | 57.4% | 104.1% | 36 days | 63.9% |
| Uptown | 62.0% | 106.2% | 36 days | 72.5% |
| Logan Square | 71.4% | 105.4% | 36 days | 59.8% |
Limited to neighborhoods with at least 10 home sales in the period.
All data comes from Redfin and represents a three-month rolling average ending June 2026. This article has been generated, in whole or in part, using generative artificial intelligence (AI) technology, with input from Redfin head of economics research Chen Zhao. While efforts have been made to ensure the accuracy and reliability of this information, you should independently verify all data, facts, and citations contained in this article before relying on it for any purpose. This information is not a substitute for advice from a real estate agent, financial advisor, or other licensed professional. Check the Redfin Data Center for additional in-depth housing market data.
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