From October through December of 2017, there were 18 homes sold, with a median sale price of $284,500 - a 19.8% increase over the $237,500 median sale price for the same period of the previous year. There were 25 homes sold in North Mayfair in the fourth quarter of 2016.
The median sales tax in North Mayfair for 2017 was $5,015.89. In 2016, the median sales tax was $4,863.50. This marks an increase of 3.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.8%.
The following table compares North Mayfair 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) |
|---|---|---|---|---|---|---|
| Old Town | 39 | 53 | -26.4% | $315,000 | $309,000 | 1.9% |
| The Loop | 29 | 43 | -32.6% | $310,000 | $260,000 | 19.2% |
| Portage Park | 174 | 176 | -1.1% | $300,000 | $285,000 | 5.3% |
| Albany Park | 126 | 128 | -1.6% | $290,000 | $264,500 | 9.6% |
| North Park | 51 | 45 | 13.3% | $288,000 | $253,000 | 13.8% |
| North Mayfair | 18 | 25 | -28% | $284,500 | $237,500 | 19.8% |
| Oriole Park | 32 | 23 | 39.1% | $284,500 | $240,000 | 18.5% |
| Beverly | 68 | 63 | 7.9% | $282,250 | $265,000 | 6.5% |
| Uptown | 99 | 109 | -9.2% | $282,000 | $287,000 | -1.7% |
| Jefferson Park | 93 | 83 | 12% | $279,000 | $279,000 | 0% |
| Belmont/Cragin | 101 | 97 | 4.1% | $262,000 | $229,000 | 14.4% |
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