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Friday, April 19, 2024

Streeterville home prices fall in the second quarter of 2018

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The median sale price of a home sold in the second quarter of 2018 in Streeterville, a Chicago neighborhood, fell by $55,000 while total sales increased by 12.5%, according to BlockShopper.com.

From April through June of 2018, there were 45 homes sold, with a median sale price of $370,000 - a 12.9% decrease over the $425,000 median sale price for the same period of the previous year. There were 40 homes sold in Streeterville in the second quarter of 2017.

The median sales tax in Streeterville for the most recent year with available data, 2017, was $4,881.70, approximately 1.3% of the median home sale price for the second quarter of 2018.

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

NeighborhoodApr. - June 2018 Home SalesApr. - June 2017 Home Sales% change (Total Home Sales)Apr. - June 2018 Median Sales PriceApr. - June 2017 Median Sales Price% change (Median Sales Price)
Gold Coast3182957.8%$400,250$350,00014.4%
Lakeview 552559-1.3%$394,500$427,500-7.7%
Lincoln Park72453435.6%$392,750$500,000-21.5%
River North106108-1.9%$382,000$422,500-9.6%
Ravenswood 124153-19%$376,500$405,000-7%
Streeterville454012.5%$370,000$425,000-12.9%
Avondale836527.7%$363,000$362,5000.1%
West Loop584820.8%$363,000$331,5009.5%
Pilsen2844-36.4%$360,250$316,00014%
North Park534615.2%$350,000$333,7504.9%
University Village / Little Italy56551.8%$350,000$349,0000.3%

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