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Monday, January 27, 2020

Noble Square home prices rise in the second half of 2017

Real Estate

By Local Labs News Service | Jan 14, 2018

Re 10

The median sale price of a home sold in the second half of 2017 in Noble Square, a Chicago neighborhood, rose by $61,000 while total sales increased by 17.5%, according to BlockShopper.com.

From July through December of 2017, there were 94 homes sold, with a median sale price of $526,000 - a 13.1% increase over the $465,000 median sale price for the same period of the previous year. There were 80 homes sold in Noble Square in the second half of 2016.

The median sales tax in Noble Square for 2017 was $7,702. In 2016, the median sales tax was $7,266. 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 1.5%.

The following table compares Noble Square to other Chicago neighborhood with similar median sales prices in the second half of 2017:

Neighborhood
July - Dec. 2017 Home Sales
July - Dec. 2016 Home Sales
% change (Total Home Sales)
July - Dec. 2017 Median Sales Price
July - Dec. 2016 Median Sales Price
% change (Median Sales Price)
West Lincolnwood
14
16
-12.5%
$585,000
$464,000
26.1%
North Center
157
177
-11.3%
$575,000
$617,500
-6.9%
Lincoln Park
697
909
-23.3%
$540,000
$458,000
17.9%
Roscoe Village
107
139
-23%
$537,500
$525,000
2.4%
Noble Square
94
80
17.5%
$526,000
$465,000
13.1%
Wicker Park
122
129
-5.4%
$522,500
$530,000
-1.4%
Ukrainian Village
159
169
-5.9%
$519,000
$510,000
1.8%
Bucktown
244
259
-5.8%
$512,500
$555,000
-7.7%
Lincoln Square
33
19
73.7%
$490,000
$480,000
2.1%
West Town
216
237
-8.9%
$480,000
$450,000
6.7%
River West
76
72
5.6%
$456,000
$417,250
9.3%

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