The median sale price of a home sold in August 2020 in Mayfair, a Chicago neighborhood, fell by $74,000 while total sales decreased by 66.7%, according to BlockShopper.com.
In August 2020, there were three homes sold, with a median sale price of $340,000 – a 17.9% decrease over the $414,000 median sale price for the same period of the previous year. There were nine homes sold in Mayfair in August 2019.
The median sales tax in Mayfair for the most recent year with available data, 2019, was $5,535, approximately 1.6% of the median home sale price for August 2020.
The following table compares Mayfair to other Chicago neighborhood with similar median sales prices in August 2020:
| Neighborhood | Aug. 2020 Home Sales | Aug. 2019 Home Sales | % change (Total Home Sales) | Aug. 2020 Median Sales Price | Aug. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Galewood | 9 | 13 | -30.8% | $360,000 | $285,000 | 26.3% |
| South Loop | 52 | 72 | -27.8% | $359,250 | $316,500 | 13.5% |
| Jefferson Park | 24 | 37 | -35.1% | $343,750 | $310,000 | 10.9% |
| Little Village | 5 | 31 | -83.9% | $340,000 | $175,000 | 94.3% |
| West Loop | 11 | 11 | 0% | $340,000 | $358,000 | -5% |
| Mayfair | 3 | 9 | -66.7% | $340,000 | $414,000 | -17.9% |
| Portage Park | 48 | 71 | -32.4% | $330,000 | $324,500 | 1.7% |
| Gold Coast | 53 | 68 | -22.1% | $330,000 | $300,500 | 9.8% |
| Edison Park | 22 | 20 | 10% | $329,500 | $281,500 | 17.1% |
| The Loop | 5 | 20 | -75% | $325,000 | $351,000 | -7.4% |
| Albany Park | 34 | 49 | -30.6% | $320,000 | $227,000 | 41% |
