A condominium in Tinley Park has sold for $307,400, signaling continued strength in the local real estate market. The 1,815-square-foot property, located at 7716 Greenway Boulevard, Unit 1SW, changed hands on March 24.
The sale price translates to approximately $169 per square foot for the two-bedroom, two-bathroom residence. Built in 2006, the unit features modern amenities including a fireplace, central heating, and a cooling system. While details of the specific unit are limited, other condominiums within the same building currently on the market boast features such as granite countertops, private screened-in balconies, eat-in kitchens, and primary suites with large walk-in closets and en suite bathrooms with soaking tubs.
The Greenway Boulevard building is emblematic of the modern condominium developments that have become a significant part of Tinley Park's housing landscape over the past two decades. These properties typically offer residents a blend of comfort, space, and access to shared amenities, appealing to a wide range of buyers from young professionals to those looking to downsize.
Local market context shows appreciating values
The recent sale price of the Greenway Boulevard condo suggests a positive trend in property values when compared to similar transactions from the previous year. In 2025, several sales of two-bedroom, two-bathroom condos at 7904 Trinity Circle, just a short distance away, painted a slightly different picture.
In February 2025, a 1,764-square-foot unit there sold for $247,000, or $140 per square foot. Another unit of the same size sold for $270,000 ($153 per square foot) in May 2025, and a third sold for $305,000 ($173 per square foot) in September 2025. While the September sale reached a higher price per square foot, the recent $169-per-square-foot sale on Greenway Boulevard for a larger unit remains significantly above the average of the earlier sales, indicating sustained demand and value growth in the area.
The Tinley Park condominium market currently offers a diverse range of options for prospective buyers. According to listings on real estate platforms, prices vary widely based on size, location, and level of renovation. For instance, a 900-square-foot, two-bedroom, one-bathroom unit on 166th Street is listed for around $150,000. On the higher end, a fully remodeled 1,100-square-foot, two-bedroom, two-bathroom condo on Live Oak Court is on the market for just over $200,000, featuring a private balcony that overlooks a pool and clubhouse.
Condominiums remain a popular choice in suburban Chicago
The appeal of condominium living in a suburb like Tinley Park lies in its combination of affordability, convenience, and lifestyle. For many, condos represent a more accessible entry point into the property market compared to single-family homes. They also offer a low-maintenance lifestyle, with association fees typically covering exterior upkeep, landscaping, and snow removal.
This trend is not unique to Tinley Park. According to the National Association of Realtors, condominiums and co-ops make up a significant portion of home sales in metropolitan areas across the United States, valued for their tendency to be located near city centers and local amenities. The convenience of being close to restaurants, shopping, and public transportation is a major drawcard for buyers.
Tinley Park's vibrant community life further enhances its residential appeal. The village hosts numerous events, including the popular Music in the Plaza series, and has seen a steady stream of new businesses, such as The Submarine Factory, contributing to a dynamic local economy. Such growth and community investment often have a positive knock-on effect on the housing market, similar to how new workforce housing projects can stimulate local economies, as seen in other growing communities like Sweetwater's approval of the $4.6 billion Flagler Center.
What the market data means for buyers and sellers
For sellers, the Greenway Boulevard sale and comparable market data suggest a favorable climate. Well-maintained properties, particularly those with modern updates and desirable features, are commanding strong prices. The price per square foot serves as a critical metric, and recent sales show that buyers are willing to invest in quality housing in the area.
For buyers, the market offers a spectrum of choices, but also underscores the importance of being prepared for competition. Listings range from smaller, more affordable starter condos to larger, luxuriously appointed units exceeding $300,000. The key takeaway for buyers is to analyze not just the list price, but also the value offered in terms of square footage, amenities, condition, and location within Tinley Park.
The dynamism of the local market is highlighted by the fact that another unit in the same building as the recent sale is currently for sale. Unit 3SE at 7716 Greenway Boulevard, a 1,698-square-foot condo, is listed for $294,900, offering a real-time test of the market and providing another option for buyers seeking property in this sought-after location.
