From January through March of 2017, there were 25 homes sold, with a median sale price of $308,000 - a 5.2% decrease over the $325,000 median sale price for the same period of the previous year. There were 32 homes sold in University Village / Little Italy in the first quarter of 2016.
The median sales tax in University Village / Little Italy for 2017 was $5,049.82. In 2016, the median sales tax was $4,643.80. This marks an increase of 8.7%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.6%.
The following table compares University Village / Little Italy to other Chicago neighborhood with similar median sales prices in the first quarter of 2017:
Neighborhood | Jan. - Mar. 2017 Home Sales | Jan. - Mar. 2016 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2017 Median Sales Price | Jan. - Mar. 2016 Median Sales Price | % change (Median Sales Price) |
---|---|---|---|---|---|---|
Old Town | 62 | 44 | 40.9% | $327,500 | $323,000 | 1.4% |
Norwood Park | 75 | 46 | 63% | $318,000 | $266,250 | 19.4% |
West Loop | 38 | 27 | 40.7% | $315,750 | $296,000 | 6.7% |
Irving Park | 77 | 97 | -20.6% | $312,000 | $280,000 | 11.4% |
North Park | 29 | 30 | -3.3% | $308,000 | $258,750 | 19% |
University Village / Little Italy | 25 | 32 | -21.9% | $308,000 | $325,000 | -5.2% |
The Loop | 28 | 24 | 16.7% | $305,000 | $193,500 | 57.6% |
Ravenswood | 117 | 44 | 165.9% | $295,000 | $346,250 | -14.8% |
Sauganash | 18 | 24 | -25% | $295,000 | $303,500 | -2.8% |
Union Ridge | 15 | 20 | -25% | $295,000 | $251,250 | 17.4% |
Streeterville | 33 | 15 | 120% | $294,000 | $380,000 | -22.6% |