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Saturday, April 20, 2024

Irving Park home prices fall in the third quarter of 2017

Realestate4

The median sale price of a home sold in the third quarter of 2017 in Irving Park, a Chicago neighborhood, fell by $24,500 while total sales decreased by 3.1%, according to BlockShopper.com.

From July through September of 2017, there were 124 homes sold, with a median sale price of $349,500 - a 6.6% decrease over the $374,000 median sale price for the same period of the previous year. There were 128 homes sold in Irving Park in the third quarter of 2016.

The median sales tax in Irving Park for 2017 was $5,631.56. In 2016, the median sales tax was $5,468.10. This marks an increase of 3%. 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 Irving Park to other Chicago neighborhood with similar median sales prices in the third quarter of 2017:

NeighborhoodJuly - Sept. 2017 Home SalesJuly - Sept. 2016 Home Sales% change (Total Home Sales)July - Sept. 2017 Median Sales PriceJuly - Sept. 2016 Median Sales Price% change (Median Sales Price)
Avondale7286-16.3%$380,000$348,7509%
Near West Side109125-12.8%$380,000$345,00010.1%
Old Town9192-1.1%$377,500$320,75017.7%
Sauganash3538-7.9%$360,000$425,250-15.3%
Gold Coast273295-7.5%$350,000$419,000-16.5%
Irving Park 124128-3.1%$349,500$374,000-6.6%
Mayfair2129-27.6%$340,000$250,00036%
Bridgeport96960%$339,000$337,5000.4%
West Loop48456.7%$336,000$350,000-4%
Kenwood3143-27.9%$334,000$254,50031.2%
Norwood Park1169028.9%$330,000$330,0000%

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