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Chicago City Wire

Wednesday, April 24, 2024

Pilsen home prices rise in the fourth quarter of 2018

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The median sale price of a home sold in the fourth quarter of 2018 in Pilsen, a Chicago neighborhood, rose by $80,000 while total sales decreased by 42.9%, according to BlockShopper.com.

From October through December of 2018, there were 20 homes sold, with a median sale price of $404,500 - a 24.7% increase over the $324,500 median sale price for the same period of the previous year. There were 35 homes sold in Pilsen in the fourth quarter of 2017.

The median sales tax in Pilsen for the most recent year with available data, 2017, was $4,593.60, approximately 1.1% of the median home sale price for the fourth quarter of 2018.

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

NeighborhoodOct. - Dec. 2018 Home SalesOct. - Dec. 2017 Home Sales% change (Total Home Sales)Oct. - Dec. 2018 Median Sales PriceOct. - Dec. 2017 Median Sales Price% change (Median Sales Price)
West Lincolnwood 220%$442,500$575,000-23%
Sauganash2229-24.1%$441,000$405,0008.9%
West Town3495-64.2%$433,750$492,000-11.8%
O'Hare1526-42.3%$430,000$225,00091.1%
Avondale3748-22.9%$415,000$364,00014%
Pilsen2035-42.9%$404,500$324,50024.7%
River North3393-64.5%$385,000$415,500-7.3%
Bridgeport46109-57.8%$380,000$340,00011.8%
Ravenswood 59106-44.3%$375,000$329,50013.8%
Near West Side44102-56.9%$372,750$391,250-4.7%
Irving Park 6285-27.1%$355,000$316,00012.3%

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