Why Correctly Priced Units in the New Eastside Are Gone in Days

By Ginger Menne | April 2026

There’s a narrative floating around that Chicago’s condo market is slow. That buyers have the upper hand. That sellers should be nervous.

In the New Eastside, the data says something different.

I pulled every sale that went under contract in our neighborhood in the past three weeks—units that are either already closed or currently pending. Eight transactions across six buildings. The price range spans $257,000 to $1,075,000. And the headline number? Five of the eight went under contract in six days or less.

This isn’t a slow market. This is a scarcity market. Inventory is limited, buyers are ready, and when the right unit hits at the right price, it’s gone before most people even schedule a showing.

The Numbers

Here’s what moved—and how fast.

Let’s break this down building by building.

Lancaster — 201 N Westshore Dr #704

$429,000  |  1 Bed + Den / 1.5 Bath  |  928 SF  |  6 Days on Market

This is my listing, so I can speak to it directly. The Lancaster is the only building in Lakeshore East with a private entrance into the park. This east-facing unit on the 7th floor has lake views from every room, hardwood floors, a balcony overlooking the harbor, and in-unit laundry. Parking is available for $35,000 additional. It went under contract in six days. One bedroom condos in the Lancaster rarely come up—there are 207 units in this building and only one was on the market.

340 on the Park — 340 E Randolph #906

$535,000  |  1 Bed / 1.5 Bath  |  1,244 SF  |  2 Days on Market

Two days. This northwest corner unit at 340 on the Park is one of the largest one-bedroom floorplans in Lakeshore East at 1,244 square feet—bigger than the average two-bedroom in the neighborhood. The building was developed by Related Midwest and offers a 75-foot indoor lap pool, 4,000 square foot gym, and 25th-floor amenity level. Parking was included in the price. At $535,000 for that kind of space and finish level, this was correctly priced and the market responded immediately.

The Chandler — 450 E Waterside Dr #808

$590,000  |  2 Bed / 2 Bath  |  1,228 SF  |  3 Days on Market  |  Multiple Offers

This one tells the story better than any of them. A southwest-facing corner two-bedroom at the Chandler with lake, river, park, and city views. Freshly painted, move-in ready, split floor plan with a jacuzzi tub and double vanity in the primary bath. It went under contract in three days with multiple offers and a highest-and-best call. Parking was available for $45,000 additional. When a well-priced two-bedroom hits in a building with limited inventory, buyers don’t wait.

Harbor Point — 155 N Harbor Dr #2201

$315,000  |  1 Bed / 1 Bath  |  708 SF  |  2 Days on Market

Two days on market for this renovated one-bedroom on the 22nd floor. Cherry hardwood floors, granite kitchen with waterfall counter, custom tile backsplash, and in-unit washer/dryer. Harbor Point is a full-amenity building with an indoor pool, fitness center, basketball and racquetball courts, and 24-hour door staff. At $315,000, this was one of the most affordable entry points in the neighborhood—and it vanished in 48 hours.

Harbor Point — 155 N Harbor Dr #2512

$1,075,000  |  2 Bed / 2.5 Bath  |  1,854 SF  |  8 Days on Market

The highest-priced unit on this list, and it still moved in just over a week. Originally a three-bedroom that was reconfigured into a spacious two-bedroom layout, this 25th-floor unit has southern exposure with skyline views, newly refinished hardwood floors, Snaidero cabinetry, and a spa-like primary bath. At 1,854 square feet, it’s one of the largest residences available in Harbor Point. Even at the million-dollar mark, the demand is there when the product is right.

Recently Closed

These three sales closed in April and reinforce the same pattern.

400 E Randolph #3002

Listed $257,000  |  Sold $257,000  |  1 Bed / 1 Bath  |  650 SF  |  3 Days on Market  |  Cash

Full asking price. Cash. Three days. This furnished one-bedroom on the 30th floor of 400 E Randolph is a full-amenity building with a pool, spa, fitness center, restaurant, and 24/7 door staff. At $257,000 it was the lowest-priced entry point in the neighborhood, and a cash buyer grabbed it immediately. No rental cap made it attractive for investors too.

Park Millennium — 222 N Columbus Dr #508

Listed $265,000  |  Sold $260,000  |  1 Bed / 1 Bath  |  660 SF  |  6 Days on Market

Park Millennium is one of only a handful of residential buildings in Chicago with direct access to the Chicago Pedway—you can walk to the Loop, CTA, offices, and shopping without ever stepping outside. This unit had a private balcony, in-unit laundry, and came with furniture. It closed for $260,000, just $5,000 under asking, in six days.

The Buckingham — 360 E Randolph #2307

Listed $489,000  |  Sold $475,000  |  2 Bed / 2 Bath  |  1,300 SF  |  22 Days on Market

The longest market time on this list at 22 days—and still well under a month. This high-floor northeast corner unit at the Buckingham offered panoramic city views, floor-to-ceiling windows, and included heated garage parking and a storage unit. It closed at $475,000, $14,000 under asking. Even the “slowest” sale on this list moved faster than most listings citywide.

What This Means for Buyers and Sellers

If you’re a buyer: The days of shopping casually and waiting for a deal are not how this market works in the New Eastside right now. Inventory is scarce across most buildings. When a correctly priced unit hits, you need to be ready—pre-approved, clear on what you want, and able to move fast. The Chandler unit drew multiple offers in three days. The Harbor Point one-bedroom was gone in two. If you see something you like, act.

If you’re a seller: This data is your permission slip. If you’ve been on the fence about listing, the spring market is here and buyers are actively looking. But the key phrase is “correctly priced.” Every one of these units was priced at or near where the market said it should be. No aspirational pricing. No testing the waters. Price it right and the market will do the rest.

The New Eastside isn’t sitting still. The inventory is limited, the demand is real, and the window moves fast.

Ginger Menne is a broker at Baird & Warner specializing in Chicago’s New Eastside. For building-specific data or a confidential market analysis, reach out at [email protected] or (312) 216-5887.

Data sourced from MRED MLS, April 2026. All information deemed reliable but not guaranteed.