property
Logan Square Auction Clearance Rates Drop to 62 Percent
Clearance rates fell to 62 percent last month as more properties went unsold at public sales.
How we reported this
Logan Square auction clearance rates dropped to 62 percent in June, the lowest level recorded since early 2024. Twenty-three of the 37 listed properties failed to meet reserve prices during the monthly sales cycle run by local auction houses.
Market Context
The decline arrives as inventory on the North Side has climbed for three straight quarters. Properties along Kedzie Avenue and the stretch of Milwaukee Avenue near the Logan Square Blue Line station sat longer on the market before reaching the block. Buyers cited higher interest rates and uncertainty over property taxes as reasons they pulled back from bidding wars.
Local detail shows the shift clearly on the ground. At the former site of the Logan Square Farmers Market on California Avenue, three multi-unit buildings passed in without a sale during the June 18 auction. Nearby, the Palmer Square Park area saw two single-family homes listed at $685,000 and $712,000 both fail to clear, forcing private negotiations that closed at 4 to 7 percent below asking.
Price Movements and Data
Median sold prices for cleared properties reached $498,000, down from $524,000 in the same period last year. Data from the Chicago Association of Realtors tracked 14 successful sales in Logan Square zip code 60647 during June, with average days on market rising to 47. That compares with 31 days recorded in December 2025. Foreclosure filings in the neighborhood totaled 19 through the first half of 2026, according to Cook County records.
Real estate agents tracking the results say the lower clearance rate points to a market that favors prepared buyers. Those entering the fall season should review financing pre-approvals early and focus on properties with recent price reductions rather than chasing new listings. Checking weekly auction schedules posted by the Cook County Sheriff’s Office can also identify opportunities before they reach retail listings.
This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.