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Monday, January 27, 2020

North Center home prices rise in the first half of 2017

Real Estate

By Local Labs News Service | Jul 14, 2017

Realestate3

The median sale price of a home sold in the first half of 2017 in North Center, a Chicago neighborhood, rose by $111,250 while total sales increased by 16.4%, according to BlockShopper.com.

From January through June of 2017, there were 177 homes sold, with a median sale price of $675,000 - a 19.7% increase over the $563,750 median sale price for the same period of the previous year. There were 152 homes sold in North Center in the first half of 2016.

The median sales tax in North Center for 2017 was $9,534. In 2016, the median sales tax was $9,097. This marks an increase of 4.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.4%.

The following table compares North Center to other Chicago neighborhood with similar median sales prices in the first half of 2017:

Neighborhood
Jan. - June 2017 Home Sales
Jan. - June 2016 Home Sales
% change (Total Home Sales)
Jan. - June 2017 Median Sales Price
Jan. - June 2016 Median Sales Price
% change (Median Sales Price)
North Center
177
152
16.4%
$675,000
$563,750
19.7%
West Lincolnwood
7
15
-53.3%
$666,000
$480,000
38.8%
Roscoe Village
120
128
-6.3%
$620,000
$523,750
18.4%
Wicker Park
137
95
44.2%
$595,000
$515,000
15.5%
Ukrainian Village
152
205
-25.9%
$526,500
$482,000
9.2%
Lincoln Park
831
734
13.2%
$520,000
$513,500
1.3%
Noble Square
92
80
15%
$512,000
$455,000
12.5%
Bucktown
271
208
30.3%
$502,000
$531,250
-5.5%
Wrigleyville
155
173
-10.4%
$500,000
$450,000
11.1%
Lincoln Square
31
26
19.2%
$490,000
$515,000
-4.9%
West Town
213
204
4.4%
$470,000
$420,000
11.9%

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