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Chicago City Wire

Tuesday, April 23, 2024

Boystown home prices fall in the second half of 2017

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:

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)
O'Hare5661-8.2%$262,500$235,00011.7%
Union Ridge534712.8%$262,000$270,000-3%
Oriole Park62578.8%$259,500$245,0005.9%
Hermosa 113115-1.7%$255,000$229,00011.4%
Belmont/Cragin2252202.3%$255,000$236,2507.9%
Boystown24721912.8%$252,500$253,500-0.4%
Galewood88818.6%$251,250$245,0002.6%
Dunning3523374.5%$250,000$240,0004.2%
Humboldt Park 249291-14.4%$250,000$275,000-9.1%
Mount Greenwood129157-17.8%$240,000$212,00013.2%
Montclare907815.4%$237,000$235,0000.9%

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