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Sunday, February 23, 2020

Edgewater home prices fall in the first quarter of 2018

Real Estate

By Local Labs News Service | Apr 14, 2018

Re 6

The median sale price of a home sold in the first quarter of 2018 in Edgewater, a Chicago neighborhood, fell by $4,000 while total sales increased by 3.9%, according to BlockShopper.com.

From January through March of 2018, there were 132 homes sold, with a median sale price of $200,000 - a 2% decrease over the $204,000 median sale price for the same period of the previous year. There were 127 homes sold in Edgewater in the first quarter of 2017.

The median sales tax in Edgewater for the most recent year with available data, 2017, was $2,499.30, approximately 1.2% of the median home sale price for the first quarter of 2018.

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

Neighborhood
Jan. - Mar. 2018 Home Sales
Jan. - Mar. 2017 Home Sales
% change (Total Home Sales)
Jan. - Mar. 2018 Median Sales Price
Jan. - Mar. 2017 Median Sales Price
% change (Median Sales Price)
McKinley Park
16
22
-27.3%
$218,500
$191,000
14.4%
Forest Glen
6
7
-14.3%
$218,500
$120,000
82.1%
Bronzeville
81
113
-28.3%
$215,000
$183,500
17.2%
Garfield Ridge
98
85
15.3%
$210,000
$193,000
8.8%
Buena Park
55
60
-8.3%
$206,000
$234,500
-12.2%
Edgewater
132
127
3.9%
$200,000
$204,000
-2%
Hyde Park
45
40
12.5%
$198,000
$155,500
27.3%
Scottsdale
39
37
5.4%
$192,500
$165,000
16.7%
Rogers Park
89
112
-20.5%
$190,000
$167,250
13.6%
Clearing
44
61
-27.9%
$187,500
$190,000
-1.3%
The Loop
309
28
1003.6%
$181,500
$305,000
-40.5%

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