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Chicago City Wire

Friday, April 19, 2024

Q1 real estate sales report: Wicker Park

Realestate2

Median prices rose in Wicker Park over last year, and are down 7.3 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 49 homes sold in Wicker Park for a median price of $565,000. That's 4.5 percent higher than median home sale prices for the first quarter of 2017.

In the first quarter, 2 homes in Wicker Park were in foreclosure.

Median property tax for homeowners in Wicker Park was $8,096.31 in 2016 according to tax data from that year. That means homeowners pay 1.5 percent of their home's value in taxes.

Statewide, Illinois homeowners pay an effective property tax rate of 2.22 percent, according to a recent analysis by ATTOM Data Solutions, which is the second-highest rate in the country, just behind New Jersey, where homeowners pay a tax rate of 2.28 percent.

Wicker Park real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
20
$609,570
-
2010
36
$550,335
-9.7%
2011
43
$474,600
-13.8%
2012
38
$476,875
0.5%
2013
46
$423,900
-11.1%
2014
34
$519,400
22.5%
2015
38
$456,860
-12%
2016
38
$550,725
20.5%
2017
59
$540,600
-1.8%
2018
49
$565,000
4.5%

Median property tax
Median sale price
Effective property tax rate
2009
$9,279.84
$609,570
1.5%
2010
$8,456.01
$550,335
1.5%
2011
$7,392.29
$474,600
1.6%
2012
$8,165.15
$476,875
1.7%
2013
$7,494.61
$423,900
1.8%
2014
$7,679.45
$519,400
1.5%
2015
$8,400.68
$456,860
1.8%
2016
$8,096.31
$550,725
1.5%

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