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Sunday, February 16, 2020

Irving Park home prices fall in the third quarter of 2017

Real Estate

By Local Labs News Service | Oct 14, 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:

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)
Avondale
72
86
-16.3%
$380,000
$348,750
9%
Near West Side
109
125
-12.8%
$380,000
$345,000
10.1%
Old Town
91
92
-1.1%
$377,500
$320,750
17.7%
Sauganash
35
38
-7.9%
$360,000
$425,250
-15.3%
Gold Coast
273
295
-7.5%
$350,000
$419,000
-16.5%
Irving Park
124
128
-3.1%
$349,500
$374,000
-6.6%
Mayfair
21
29
-27.6%
$340,000
$250,000
36%
Bridgeport
96
96
0%
$339,000
$337,500
0.4%
West Loop
48
45
6.7%
$336,000
$350,000
-4%
Kenwood
31
43
-27.9%
$334,000
$254,500
31.2%
Norwood Park
116
90
28.9%
$330,000
$330,000
0%

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