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Chicago City Wire

Tuesday, November 19, 2024

Wicker Park home prices rise in the fourth quarter of 2017

Realestate1

The median sale price of a home sold in the fourth quarter of 2017 in Wicker Park, a Chicago neighborhood, rose by $4,250 while total sales decreased by 17.3%, according to BlockShopper.com.

From October through December of 2017, there were 43 homes sold, with a median sale price of $540,000 - a 0.8% increase over the $535,750 median sale price for the same period of the previous year. There were 52 homes sold in Wicker Park in the fourth quarter of 2016.

The median sales tax in Wicker Park for 2017 was $10,101.48. In 2016, the median sales tax was $9,574.40. This marks an increase of 5.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.9%.

The following table compares Wicker Park to other Chicago neighborhood with similar median sales prices in the fourth quarter of 2017:

NeighborhoodOct. - Dec. 2017 Home SalesOct. - Dec. 2016 Home Sales% change (Total Home Sales)Oct. - Dec. 2017 Median Sales PriceOct. - Dec. 2016 Median Sales Price% change (Median Sales Price)
Roscoe Village 4270-40%$619,750$517,50019.8%
West Lincolnwood 28-75%$575,000$505,00013.9%
North Center 5779-27.8%$564,500$620,000-9%
Lincoln Park261362-27.9%$551,000$431,75027.6%
Wicker Park4352-17.3%$540,000$535,7500.8%
Noble Square363116.1%$532,250$453,00017.5%
River West2840-30%$512,500$398,00028.8%
Ukrainian Village 4763-25.4%$505,000$495,0002%
Bucktown1198540%$505,000$540,000-6.5%
West Town9597-2.1%$492,000$419,00017.4%
Edgebrook211910.5%$460,000$480,000-4.2%

ORGANIZATIONS IN THIS STORY

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