Bronzeville: Chicago's New Hottest Neighborhood?

If you haven’t already heard, Bronzeville might be one of Chicago’s hottest neighborhoods the average home buyer hasn’t considered. But according to recent housing market stats highlighted by Crain’s, that could be on the verge of changing quite rapidly.

Just within the last year, Bronzeville has actually become very popular, especially among home buyers looking for more space. Since mid-summer, the average size of a Bronzeville home that traded for between $500,000 to $750,000 was 3,600 square feet, which is significantly more space than what buyers were getting in other nearby neighborhoods like Bridgeport and Hyde Park at that same price range.

Also noted by Crain’s is that 84 homes have sold in Bronzeville for $500,000 or more within the last year, representing a massive 43% spike from the 59 homes sold in that price range the previous 12 months.

Most of these luxury properties were new construction or rehabs of 19th and early 20th century brownstones, which is incredible value if you’re someone who appreciates historic architecture but might not be able to afford something in a trendier neighborhood like Lincoln Park or the Gold Coast.

Investor activity is also on the rise in Bronzeville, according to reports, which means if you’re looking to buy and still want to get in on the “ground floor” so-to-speak, you better act quickly with Bronzeville home prices seemingly going nowhere but up moving forward.