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Monday, January 27, 2020

Ravenswood home prices fall 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 Ravenswood, a Chicago neighborhood, fell by $20,750 while total sales increased by 2.2%, according to BlockShopper.com.

From July through December of 2017, there were 232 homes sold, with a median sale price of $370,750 - a 5.3% decrease over the $391,500 median sale price for the same period of the previous year. There were 227 homes sold in Ravenswood in the second half of 2016.

The median sales tax in Ravenswood for 2017 was $7,181. In 2016, the median sales tax was $6,874. This marks an increase of 4.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.9%.

The following table compares Ravenswood 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)
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%
Avondale
120
154
-22.1%
$370,500
$355,500
4.2%
Gold Coast
470
471
-0.2%
$359,500
$400,000
-10.1%
Old Town
130
145
-10.3%
$345,750
$320,000
8%
West Loop
90
76
18.4%
$342,000
$336,750
1.6%
Mayfair
47
52
-9.6%
$340,000
$279,000
21.9%

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