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Chicago City Wire

Wednesday, November 20, 2024

Logan Square home prices rise in 2017

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The median sale price of a home sold in 2017 in Logan Square, a Chicago neighborhood, rose by $18,000 while total sales decreased by 0.7%, according to BlockShopper.com.

From January through December of 2017, there were 1,066 homes sold, with a median sale price of $390,250 - a 4.8% increase over the $372,250 median sale price for the previous year. There were 1,074 homes sold in Logan Square in 2016.

The median sales tax in Logan Square for 2017 was $5,430. In 2016, the median sales tax was $5,189. This marks an increase of 4.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.4%.

The following table compares Logan Square 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)
Edgebrook1141112.7%$433,750$480,000-9.6%
Goose Island12611014.5%$425,750$402,5005.8%
Andersonville 189194-2.6%$410,000$488,750-16.1%
Streeterville130156-16.7%$400,000$399,7500.1%
River North391404-3.2%$400,000$400,0000%
Logan Square1,0661,074-0.7%$390,250$372,2504.8%
Greektown3517105.9%$384,500$520,000-26.1%
Near West Side4103924.6%$378,000$339,00011.5%
Sauganash122143-14.7%$376,000$387,000-2.8%
Avondale234289-19%$365,000$335,0009%
Old Town2782683.7%$355,500$328,7508.1%

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