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Monday, November 25, 2024

Boystown home prices rise in the first quarter of 2017

Realestate1

The median sale price of a home sold in the first quarter of 2017 in Boystown, a Chicago neighborhood, rose by $13,250 while total sales increased by 14%, according to BlockShopper.com.

From January through March of 2017, there were 98 homes sold, with a median sale price of $238,250 - a 5.9% increase over the $225,000 median sale price for the same period of the previous year. There were 86 homes sold in Boystown in the first quarter of 2016.

The median sales tax in Boystown for 2017 was $3,282.12. In 2016, the median sales tax was $3,179.40. This marks an increase of 3.2%. 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 Boystown 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)
Edison Park292326.1%$268,000$270,000-0.7%
Jefferson Park745437%$265,250$247,2507.3%
Chinatown13944.4%$250,000$240,0004.2%
Uptown866434.4%$246,000$260,000-5.4%
Oriole Park251838.9%$240,000$207,75015.5%
Boystown988614%$238,250$225,0005.9%
Buena Park605117.6%$234,500$224,0004.7%
Heart of Chicago201811.1%$232,000$249,500-7%
Hermosa 5061-18%$230,000$200,00015%
Dunning16112429.8%$230,000$213,7507.6%
Humboldt Park 1099910.1%$225,000$169,00033.1%

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