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Saturday, April 20, 2024

Edgewater home prices fall 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 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:

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)
McKinley Park1622-27.3%$218,500$191,00014.4%
Forest Glen67-14.3%$218,500$120,00082.1%
Bronzeville81113-28.3%$215,000$183,50017.2%
Garfield Ridge988515.3%$210,000$193,0008.8%
Buena Park5560-8.3%$206,000$234,500-12.2%
Edgewater 1321273.9%$200,000$204,000-2%
Hyde Park454012.5%$198,000$155,50027.3%
Scottsdale39375.4%$192,500$165,00016.7%
Rogers Park89112-20.5%$190,000$167,25013.6%
Clearing4461-27.9%$187,500$190,000-1.3%
The Loop309281003.6%$181,500$305,000-40.5%

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