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Chicago City Wire

Tuesday, November 19, 2024

Andersonville home prices fall in the second half of 2017

Realestate1

The median sale price of a home sold in the second half of 2017 in Andersonville, a Chicago neighborhood, fell by $122,000 while total sales decreased by 16.5%, according to BlockShopper.com.

From July through December of 2017, there were 86 homes sold, with a median sale price of $403,000 - a 23.2% decrease over the $525,000 median sale price for the same period of the previous year. There were 103 homes sold in Andersonville in the second half of 2016.

The median sales tax in Andersonville for 2017 was $7,966. In 2016, the median sales tax was $7,751. This marks an increase of 2.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2%.

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

NeighborhoodJuly - Dec. 2017 Home SalesJuly - Dec. 2016 Home Sales% change (Total Home Sales)July - Dec. 2017 Median Sales PriceJuly - Dec. 2016 Median Sales Price% change (Median Sales Price)
Edgebrook5358-8.6%$447,000$502,500-11%
Lakeview 722802-10%$435,000$415,0004.8%
Wrigleyville142180-21.1%$433,750$447,500-3.1%
Goose Island5361-13.1%$420,000$420,0000%
River North2082023%$410,000$387,7505.7%
Andersonville 86103-16.5%$403,000$525,000-23.2%
Logan Square524574-8.7%$400,000$370,0008.1%
Streeterville57102-44.1%$400,000$399,5000.1%
Greektown13785.7%$393,500$580,000-32.2%
Sauganash6479-19%$390,000$414,000-5.8%
Near West Side2112033.9%$380,000$353,5007.5%

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