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Saturday, January 18, 2020

Edgewater home prices fall in the second half of 2017

Real Estate

By Local Labs News Service | Jan 14, 2018

Realestate3

The median sale price of a home sold in the second half of 2017 in Edgewater, a Chicago neighborhood, fell by $8,000 while total sales increased by 8.3%, according to BlockShopper.com.

From July through December of 2017, there were 391 homes sold, with a median sale price of $210,000 - a 3.7% decrease over the $218,000 median sale price for the same period of the previous year. There were 361 homes sold in Edgewater in the second half of 2016.

The median sales tax in Edgewater for 2017 was $2,499. In 2016, the median sales tax was $2,419. This marks an increase of 3.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.2%.

The following table compares Edgewater 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)
McKinley Park
51
59
-13.6%
$225,000
$200,000
12.5%
Garfield Ridge
274
248
10.5%
$223,500
$215,000
4%
Bronzeville
188
195
-3.6%
$219,000
$195,500
12%
West Rogers Park
412
367
12.3%
$216,500
$207,500
4.3%
Archer Heights
64
70
-8.6%
$213,250
$185,000
15.3%
Edgewater
391
361
8.3%
$210,000
$218,000
-3.7%
Clearing
128
134
-4.5%
$210,000
$193,750
8.4%
West Lawn
153
159
-3.8%
$196,000
$173,000
13.3%
Rogers Park
273
278
-1.8%
$193,500
$185,000
4.6%
Wrightwood
84
61
37.7%
$187,500
$125,500
49.4%
Scottsdale
113
112
0.9%
$183,000
$171,000
7%

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