From April through June of 2017, there were 55 homes sold, with a median sale price of $349,000 - a 4.2% increase over the $335,000 median sale price for the same period of the previous year. There were 41 homes sold in University Village / Little Italy in the second 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 1.4%.
The following table compares University Village / Little Italy to other Chicago neighborhood with similar median sales prices in the second quarter of 2017:
| Neighborhood | Apr. - June 2017 Home Sales | Apr. - June 2016 Home Sales | % change (Total Home Sales) | Apr. - June 2017 Median Sales Price | Apr. - June 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Greektown | 15 | 7 | 114.3% | $375,000 | $531,000 | -29.4% |
| Avondale | 65 | 88 | -26.1% | $362,500 | $311,000 | 16.6% |
| Irving Park | 130 | 139 | -6.5% | $362,500 | $310,000 | 16.9% |
| Mayfair | 31 | 29 | 6.9% | $352,000 | $266,500 | 32.1% |
| Gold Coast | 295 | 279 | 5.7% | $350,000 | $400,000 | -12.5% |
| University Village / Little Italy | 55 | 41 | 34.1% | $349,000 | $335,000 | 4.2% |
| South Loop | 290 | 283 | 2.5% | $335,000 | $331,000 | 1.2% |
| North Park | 46 | 53 | -13.2% | $333,750 | $257,000 | 29.9% |
| West Loop | 48 | 60 | -20% | $331,500 | $323,750 | 2.4% |
| Tri-Taylor | 11 | 10 | 10% | $330,000 | $257,000 | 28.4% |
| Norwood Park | 99 | 96 | 3.1% | $325,000 | $325,000 | 0% |
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