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Chicago City Wire

Tuesday, November 19, 2024

Wicker Park home prices rise in 2017

Realestate2

The median sale price of a home sold in 2017 in Wicker Park, a Chicago neighborhood, rose by $32,250 while total sales increased by 15.6%, according to BlockShopper.com.

From January through December of 2017, there were 259 homes sold, with a median sale price of $555,000 - a 6.2% increase over the $522,750 median sale price for the previous year. There were 224 homes sold in Wicker Park in 2016.

The median sales tax in Wicker Park for 2017 was $10,101. In 2016, the median sales tax was $9,574. This marks an increase of 5.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.8%.

The following table compares Wicker Park 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%

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