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Monday, February 17, 2020

Uptown home prices rise in the second quarter of 2018

Real Estate

By Local Labs News Service | Jul 14, 2018

Realestate3

The median sale price of a home sold in the second quarter of 2018 in Uptown, a Chicago neighborhood, rose by $55,500 while total sales decreased by 16.9%, according to BlockShopper.com.

From April through June of 2018, there were 138 homes sold, with a median sale price of $300,000 - a 22.7% increase over the $244,500 median sale price for the same period of the previous year. There were 166 homes sold in Uptown in the second quarter of 2017.

The median sales tax in Uptown for the most recent year with available data, 2017, was $3,204.10, approximately 1.1% of the median home sale price for the second quarter of 2018.

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

Neighborhood
Apr. - June 2018 Home Sales
Apr. - June 2017 Home Sales
% change (Total Home Sales)
Apr. - June 2018 Median Sales Price
Apr. - June 2017 Median Sales Price
% change (Median Sales Price)
Mayfair
28
31
-9.7%
$317,000
$352,000
-9.9%
Kenwood
31
39
-20.5%
$316,000
$276,000
14.5%
Big Oaks
22
31
-29%
$315,000
$280,000
12.5%
Norwood Park
94
99
-5.1%
$315,000
$325,000
-3.1%
Heart of Chicago
17
27
-37%
$300,000
$229,000
31%
Uptown
138
166
-16.9%
$300,000
$244,500
22.7%
Beverly
83
81
2.5%
$292,000
$307,000
-4.9%
Belmont/Cragin
121
139
-12.9%
$290,000
$255,000
13.7%
North Mayfair
15
29
-48.3%
$285,000
$310,000
-8.1%
Union Ridge
25
16
56.3%
$280,000
$271,000
3.3%
Oriole Park
29
31
-6.5%
$277,000
$280,000
-1.1%

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