From January through December of 2017, there were 145 homes sold, with a median sale price of $447,000 - a 11.8% increase over the $400,000 median sale price for the previous year. There were 147 homes sold in River West in 2016.
The median sales tax in River West for 2017 was $5,355. In 2016, the median sales tax was $5,078. 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 1.2%.
The following table compares River West to other Chicago neighborhood with similar median sales prices in 2017:
| Neighborhood | Jan. - Dec. 2017 Home Sales | Jan. - Dec. 2016 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2017 Median Sales Price | Jan. - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Noble Square | 186 | 160 | 16.3% | $518,500 | $460,500 | 12.6% |
| Bucktown | 515 | 467 | 10.3% | $505,000 | $550,000 | -8.2% |
| Lincoln Square | 64 | 45 | 42.2% | $490,000 | $514,000 | -4.7% |
| West Town | 429 | 441 | -2.7% | $475,000 | $430,000 | 10.5% |
| Wrigleyville | 297 | 353 | -15.9% | $467,000 | $450,000 | 3.8% |
| River West | 145 | 147 | -1.4% | $447,000 | $400,000 | 11.8% |
| Lakeview | 1,566 | 1,490 | 5.1% | $435,000 | $430,000 | 1.2% |
| Edgebrook | 114 | 111 | 2.7% | $433,750 | $480,000 | -9.6% |
| Goose Island | 126 | 110 | 14.5% | $425,750 | $402,500 | 5.8% |
| Andersonville | 189 | 194 | -2.6% | $410,000 | $488,750 | -16.1% |
| Streeterville | 130 | 156 | -16.7% | $400,000 | $399,750 | 0.1% |
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