Q1 2025 Market Recap: Lincoln Park Townhomes & Duplexes Are Selling Fast and for More
As of April 1, 2025, the townhome and duplex market in Lincoln Park continues to show resilience and strength—even in the face of fewer overall transactions compared to last year. While year-over-year sales volume is down, both average and median sale prices are up by 10%, signaling continued demand and competitive pricing.
📊 Market Overview
In Q1 2025:
- Median Market Time: 5 days
- Housing Supply is down in Lincoln Park by 47% YOY
- Average and median prices rose 10% YOY
A median market time of just 5 days underscores strong buyer urgency and a well-priced, fast-moving market. It’s not just Lincoln Park—surrounding neighborhoods like Lakeview, Bucktown, and Wicker Park are showing similar patterns in price appreciation and buyer demand.
🏡 MLS vs. PLN: What’s the Difference?
The sales activity spreadsheet includes all townhome and duplex listings in Lincoln Park—whether they were marketed through the MLS (Multiple Listing Service) or the PLN (Private Listing Network).
MLS Statuses Include:NEW, ACTIVE, PCHG, A/I, FIN, PEND, CLSD
PLN Statuses Include:PRIV-ACTV, A/I (PRIV), PRIV-PEND
📌 Quick Note on the PLN:
When a listing is entered into the PLN, it is visible to all Realtor members and their registered buyers—but it doesn’t accrue market time and isn’t syndicated to real estate websites. Sellers often use the PLN for pre-marketing, price testing, or privacy.
In previous quarters, PLN listings accounted for up to 20% of closed sales. In Q1 2025, that number has dropped significantly, with nearly all closings occurring through the MLS. This shift reflects increased seller confidence in using the full MLS for maximum exposure—or a lack of certainty in where they’re going next, which makes some hesitant to fully commit to listing.
💡 Bottom Line
📣 For Sellers:
If you’re priced right and prepared, your home could move fast. The MLS continues to be the most effective platform for reaching motivated, ready-to-act buyers.
🔑 For Buyers:
Speed matters more than ever. With homes selling in just a few days, it’s critical to be pre-approved, well-informed, and working with an agent who knows how to move quickly—and get you in the door first.
Whether you’re buying, selling, or simply watching the market, Q1 sent a clear message:
Lincoln Park’s townhome and duplex market is strong, competitive, and highly desirable.
📩 Want to talk strategy for your spring move? Let’s connect!
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