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Chicago City Wire

Tuesday, November 19, 2024

North Center home prices rise in 2017

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The median sale price of a home sold in 2017 in North Center, a Chicago neighborhood, rose by $66,500 while total sales increased by 1.5%, according to BlockShopper.com.

From January through December of 2017, there were 334 homes sold, with a median sale price of $651,500 - a 11.4% increase over the $585,000 median sale price for the previous year. There were 329 homes sold in North Center in 2016.

The median sales tax in North Center for 2017 was $9,534. In 2016, the median sales tax was $9,097. This marks an increase of 4.8%. 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 North Center to other Chicago neighborhood with similar median sales prices in 2017:

NeighborhoodJan. - Dec. 2017 Home SalesJan. - Dec. 2016 Home Sales% change (Total Home Sales)Jan. - Dec. 2017 Median Sales PriceJan. - Dec. 2016 Median Sales Price% change (Median Sales Price)
West Lincolnwood 2131-32.3%$660,000$480,00037.5%
North Center 3343291.5%$651,500$585,00011.4%
Roscoe Village 227267-15%$580,000$525,00010.5%
Wicker Park25922415.6%$555,000$522,7506.2%
Lincoln Park1,5281,643-7%$528,500$487,5008.4%
Ukrainian Village 311374-16.8%$525,000$499,5005.1%
Noble Square18616016.3%$518,500$460,50012.6%
Bucktown51546710.3%$505,000$550,000-8.2%
Lincoln Square644542.2%$490,000$514,000-4.7%
West Town429441-2.7%$475,000$430,00010.5%
Wrigleyville297353-15.9%$467,000$450,0003.8%

ORGANIZATIONS IN THIS STORY

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