From July through December of 2017, there were 116 homes sold, with a median sale price of $329,000 - a 2% increase over the $322,500 median sale price for the same period of the previous year. There were 116 homes sold in University Village / Little Italy in the second half of 2016, as well.
The median sales tax in University Village / Little Italy for 2017 was $5,050. In 2016, the median sales tax was $4,644. This marks an increase of 8.7%. 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 University Village / Little Italy 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) |
|---|---|---|---|---|---|---|
| Mayfair | 47 | 52 | -9.6% | $340,000 | $279,000 | 21.9% |
| Bridgeport | 205 | 170 | 20.6% | $340,000 | $327,500 | 3.8% |
| Irving Park | 209 | 220 | -5% | $335,000 | $340,000 | -1.5% |
| Norwood Park | 194 | 161 | 20.5% | $333,000 | $326,000 | 2.1% |
| Near North | 191 | 204 | -6.4% | $332,500 | $320,000 | 3.9% |
| University Village / Little Italy | 116 | 116 | 0% | $329,000 | $322,500 | 2% |
| South Loop | 460 | 518 | -11.2% | $325,000 | $327,250 | -0.7% |
| Pilsen | 64 | 66 | -3% | $322,250 | $302,500 | 6.5% |
| Chinatown | 23 | 22 | 4.5% | $320,000 | $191,500 | 67.1% |
| Edison Park | 100 | 101 | -1% | $318,500 | $310,000 | 2.7% |
| Kenwood | 56 | 67 | -16.4% | $315,750 | $235,000 | 34.4% |
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