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Chicago City Wire

Friday, April 26, 2024

Edgebrook home prices rise in the first quarter of 2018

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The median sale price of a home sold in the first quarter of 2018 in Edgebrook, a Chicago neighborhood, rose by $146,500 while total sales decreased by 25%, according to BlockShopper.com.

From January through March of 2018, there were 18 homes sold, with a median sale price of $476,500 - a 44.4% increase over the $330,000 median sale price for the same period of the previous year. There were 24 homes sold in Edgebrook in the first quarter of 2017.

The median sales tax in Edgebrook for the most recent year with available data, 2017, was $7,468.70, approximately 1.6% of the median home sale price for the first quarter of 2018.

The following table compares Edgebrook to other Chicago neighborhood with similar median sales prices in the first quarter of 2018:

NeighborhoodJan. - Mar. 2018 Home SalesJan. - Mar. 2017 Home Sales% change (Total Home Sales)Jan. - Mar. 2018 Median Sales PriceJan. - Mar. 2017 Median Sales Price% change (Median Sales Price)
Bucktown78101-22.8%$521,000$502,0003.8%
Noble Square3334-2.9%$510,000$532,500-4.2%
West Town6263-1.6%$492,500$477,0003.2%
West Lincolnwood 93200%$490,000$847,000-42.1%
Streeterville2633-21.2%$481,500$294,00063.8%
Edgebrook1824-25%$476,500$330,00044.4%
Lakeview 266285-6.7%$455,000$449,0001.3%
Goose Island2325-8%$442,500$432,5002.3%
River North6375-16%$417,000$350,00019.1%
Logan Square163226-27.9%$417,000$350,00019.1%
River West2631-16.1%$415,000$410,0001.2%

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