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Monday, February 17, 2020

Greektown home prices fall in the third quarter of 2017

Real Estate

By Local Labs News Service | Oct 14, 2017

Realestate2

The median sale price of a home sold in the third quarter of 2017 in Greektown, a Chicago neighborhood, fell by $55,250 while total sales increased by 50%, according to BlockShopper.com.

From July through September of 2017, there were six homes sold, with a median sale price of $402,750 - a 12.1% decrease over the $458,000 median sale price for the same period of the previous year. There were four homes sold in Greektown in the third quarter of 2016.

The median sales tax in Greektown for 2017 was $4,283.04. In 2016, the median sales tax was $4,161.50. This marks an increase of 2.9%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.1%.

The following table compares Greektown to other Chicago neighborhood with similar median sales prices in the third quarter of 2017:

Neighborhood
July - Sept. 2017 Home Sales
July - Sept. 2016 Home Sales
% change (Total Home Sales)
July - Sept. 2017 Median Sales Price
July - Sept. 2016 Median Sales Price
% change (Median Sales Price)
Lakeview
419
514
-18.5%
$426,000
$400,000
6.5%
Andersonville
46
61
-24.6%
$419,500
$525,000
-20.1%
Goose Island
38
36
5.6%
$413,500
$410,000
0.9%
River West
48
32
50%
$413,250
$430,500
-4%
Streeterville
34
61
-44.3%
$405,250
$360,000
12.6%
Greektown
6
4
50%
$402,750
$458,000
-12.1%
River North
115
115
0%
$400,000
$416,000
-3.8%
Logan Square
277
327
-15.3%
$400,000
$372,500
7.4%
Ravenswood
126
142
-11.3%
$382,500
$400,000
-4.4%
Avondale
72
86
-16.3%
$380,000
$348,750
9%
Near West Side
109
125
-12.8%
$380,000
$345,000
10.1%

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