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Saturday, January 18, 2020

Streeterville home prices fall in the first half of 2017

Real Estate

By Local Labs News Service | Jul 14, 2017

Re 8

The median sale price of a home sold in the first half of 2017 in Streeterville, a Chicago neighborhood, fell by $10,000 while total sales increased by 35.2%, according to BlockShopper.com.

From January through June of 2017, there were 73 homes sold, with a median sale price of $400,000 - a 2.4% decrease over the $410,000 median sale price for the same period of the previous year. There were 54 homes sold in Streeterville in the first half of 2016.

The median sales tax in Streeterville for 2017 was $4,882. In 2016, the median sales tax was $4,604. This marks an increase of 6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.2%.

The following table compares Streeterville 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)
River West
69
75
-8%
$442,000
$375,000
17.9%
Lakeview
844
688
22.7%
$432,500
$447,000
-3.2%
Goose Island
73
49
49%
$430,000
$396,500
8.4%
Andersonville
103
91
13.2%
$425,000
$406,000
4.7%
Edgebrook
61
53
15.1%
$425,000
$460,000
-7.6%
Streeterville
73
54
35.2%
$400,000
$410,000
-2.4%
River North
183
202
-9.4%
$390,000
$408,500
-4.5%
Logan Square
542
500
8.4%
$385,000
$377,000
2.1%
Near West Side
199
189
5.3%
$376,000
$325,000
15.7%
Greektown
22
10
120%
$375,000
$455,000
-17.6%
Sauganash
58
64
-9.4%
$371,500
$337,750
10%

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