Urban Turf: "Low inventory means fewer sales but higher home prices in Bloomingdale'

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This week’s installment of Home Price Watch focuses on Bloomingdale, a Northwest neighborhood known for its bidding wars.

Compared to early 2016 when the neighborhood housing market had a much more subdued start, median home prices in Bloomingdale have risen by 13.5 percent to just over $800,000 thus far this year. Similarly, the average price for one of the neighborhood’s most popular home types — rowhouses with four or more bedrooms — jumped 13 percent to over $1 million.
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