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Sunday, January 19, 2020

Boystown home prices fall in the second half of 2017

Real Estate

By Local Labs News Service | Jan 14, 2018

Realestate5

The median sale price of a home sold in the second half of 2017 in Boystown, a Chicago neighborhood, fell by $1,000 while total sales increased by 12.8%, according to BlockShopper.com.

From July through December of 2017, there were 247 homes sold, with a median sale price of $252,500 - a 0.4% decrease over the $253,500 median sale price for the same period of the previous year. There were 219 homes sold in Boystown in the second half of 2016.

The median sales tax in Boystown for 2017 was $3,282. In 2016, the median sales tax was $3,179. This marks an increase of 3.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.3%.

The following table compares Boystown 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)
O'Hare
56
61
-8.2%
$262,500
$235,000
11.7%
Union Ridge
53
47
12.8%
$262,000
$270,000
-3%
Oriole Park
62
57
8.8%
$259,500
$245,000
5.9%
Hermosa
113
115
-1.7%
$255,000
$229,000
11.4%
Belmont/Cragin
225
220
2.3%
$255,000
$236,250
7.9%
Boystown
247
219
12.8%
$252,500
$253,500
-0.4%
Galewood
88
81
8.6%
$251,250
$245,000
2.6%
Dunning
352
337
4.5%
$250,000
$240,000
4.2%
Humboldt Park
249
291
-14.4%
$250,000
$275,000
-9.1%
Mount Greenwood
129
157
-17.8%
$240,000
$212,000
13.2%
Montclare
90
78
15.4%
$237,000
$235,000
0.9%

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