From October through December of 2017, there were 47 homes sold, with a median sale price of $347,000 - a 20.6% decrease over the $437,250 median sale price for the same period of the previous year. There were 34 homes sold in University Village / Little Italy in the fourth 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 1.5%.
The following table compares University Village / Little Italy to other Chicago neighborhood with similar median sales prices in the fourth quarter of 2017:
| Neighborhood | Oct. - Dec. 2017 Home Sales | Oct. - Dec. 2016 Home Sales | % change (Total Home Sales) | Oct. - Dec. 2017 Median Sales Price | Oct. - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Near North | 71 | 87 | -18.4% | $380,000 | $320,000 | 18.8% |
| West Loop | 42 | 31 | 35.5% | $380,000 | $315,000 | 20.6% |
| Wrigleyville | 73 | 71 | 2.8% | $373,000 | $445,000 | -16.2% |
| Gold Coast | 197 | 176 | 11.9% | $365,000 | $395,000 | -7.6% |
| Avondale | 48 | 68 | -29.4% | $364,000 | $389,500 | -6.5% |
| University Village / Little Italy | 47 | 34 | 38.2% | $347,000 | $437,250 | -20.6% |
| Bridgeport | 109 | 74 | 47.3% | $340,000 | $317,500 | 7.1% |
| Norwood Park | 78 | 71 | 9.9% | $339,500 | $322,000 | 5.4% |
| South Loop | 195 | 184 | 6% | $330,000 | $324,000 | 1.9% |
| Ravenswood | 106 | 85 | 24.7% | $329,500 | $365,000 | -9.7% |
| Heart of Chicago | 21 | 15 | 40% | $325,000 | $230,500 | 41% |
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