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Boystown home prices fall in the first half of 2017

Real Estate

By Local Labs News Service | Jul 14, 2017

Re 14

The median sale price of a home sold in the first half of 2017 in Boystown, a Chicago neighborhood, fell by $22,750 while total sales increased by 87.6%, according to BlockShopper.com.

From January through June of 2017, there were 392 homes sold, with a median sale price of $237,250 - a 8.8% decrease over the $260,000 median sale price for the same period of the previous year. There were 209 homes sold in Boystown in the first half of 2016.

The median sales tax in Boystown for 2017 was $3,282. In 2016, the median sales tax was $3,179. This marks an increase of 3.2%. 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 Boystown 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)
Chinatown
17
13
30.8%
$255,000
$240,000
6.3%
Belmont/Cragin
228
218
4.6%
$250,000
$216,250
15.6%
Uptown
252
228
10.5%
$245,000
$265,000
-7.5%
Hermosa
103
118
-12.7%
$244,000
$193,000
26.4%
Dunning
323
306
5.6%
$240,000
$221,500
8.4%
Boystown
392
209
87.6%
$237,250
$260,000
-8.8%
Buena Park
144
123
17.1%
$230,250
$236,000
-2.4%
Montclare
79
74
6.8%
$230,000
$202,000
13.9%
Heart of Chicago
47
31
51.6%
$229,000
$200,000
14.5%
Edgewater
349
344
1.5%
$225,000
$205,000
9.8%
Mount Greenwood
124
115
7.8%
$224,500
$210,000
6.9%

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