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Thursday, January 23, 2020

Logan Square home prices rise in the second half of 2017

Real Estate

By Local Labs News Service | Jan 14, 2018

Re 8

The median sale price of a home sold in the second half of 2017 in Logan Square, a Chicago neighborhood, rose by $30,000 while total sales decreased by 8.7%, according to BlockShopper.com.

From July through December of 2017, there were 524 homes sold, with a median sale price of $400,000 - a 8.1% increase over the $370,000 median sale price for the same period of the previous year. There were 574 homes sold in Logan Square in the second half of 2016.

The median sales tax in Logan Square for 2017 was $5,430. In 2016, the median sales tax was $5,189. This marks an increase of 4.6%. 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 Logan 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)
Lakeview
722
802
-10%
$435,000
$415,000
4.8%
Wrigleyville
142
180
-21.1%
$433,750
$447,500
-3.1%
Goose Island
53
61
-13.1%
$420,000
$420,000
0%
River North
208
202
3%
$410,000
$387,750
5.7%
Andersonville
86
103
-16.5%
$403,000
$525,000
-23.2%
Logan Square
524
574
-8.7%
$400,000
$370,000
8.1%
Streeterville
57
102
-44.1%
$400,000
$399,500
0.1%
Greektown
13
7
85.7%
$393,500
$580,000
-32.2%
Sauganash
64
79
-19%
$390,000
$414,000
-5.8%
Near West Side
211
203
3.9%
$380,000
$353,500
7.5%
Ravenswood
232
227
2.2%
$370,750
$391,500
-5.3%

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