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Chicago City Wire

Wednesday, April 24, 2024

Goose Island home prices rise in the first quarter of 2017

Realestate2

The median sale price of a home sold in the first quarter of 2017 in Goose Island, a Chicago neighborhood, rose by $32,500 while total sales increased by 19%, according to BlockShopper.com.

From January through March of 2017, there were 25 homes sold, with a median sale price of $432,500 - a 8.1% increase over the $400,000 median sale price for the same period of the previous year. There were 21 homes sold in Goose Island in the first quarter of 2016.

The median sales tax in Goose Island for 2017 was $6,038.77. In 2016, the median sales tax was $5,737.70. This marks an increase of 5.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.4%.

The following table compares Goose Island to other Chicago neighborhood with similar median sales prices in the first quarter of 2017:

NeighborhoodJan. - Mar. 2017 Home SalesJan. - Mar. 2016 Home Sales% change (Total Home Sales)Jan. - Mar. 2017 Median Sales PriceJan. - Mar. 2016 Median Sales Price% change (Median Sales Price)
Wrigleyville56519.8%$532,500$432,00023.3%
Wicker Park593855.3%$530,000$524,5001%
Bucktown1017632.9%$502,000$496,5001.1%
West Town6373-13.7%$477,000$399,00019.5%
Lakeview 28524416.8%$449,000$434,2503.4%
Goose Island252119%$432,500$400,0008.1%
Lincoln Square10100%$424,000$607,000-30.1%
River West312810.7%$410,000$377,5008.6%
Near North836822.1%$387,000$431,000-10.2%
Greektown73133.3%$385,000$360,0006.9%
Avondale49474.3%$365,000$289,50026.1%

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