From January through December of 2017, there were 410 homes sold, with a median sale price of $378,000 - a 11.5% increase over the $339,000 median sale price for the previous year. There were 392 homes sold in Near West Side in 2016.
The median sales tax in Near West Side for 2017 was $4,714. In 2016, the median sales tax was $4,448. This marks an increase of 6%. 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 Near West Side 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) |
|---|---|---|---|---|---|---|
| Andersonville | 189 | 194 | -2.6% | $410,000 | $488,750 | -16.1% |
| Streeterville | 130 | 156 | -16.7% | $400,000 | $399,750 | 0.1% |
| River North | 391 | 404 | -3.2% | $400,000 | $400,000 | 0% |
| Logan Square | 1,066 | 1,074 | -0.7% | $390,250 | $372,250 | 4.8% |
| Greektown | 35 | 17 | 105.9% | $384,500 | $520,000 | -26.1% |
| Near West Side | 410 | 392 | 4.6% | $378,000 | $339,000 | 11.5% |
| Sauganash | 122 | 143 | -14.7% | $376,000 | $387,000 | -2.8% |
| Avondale | 234 | 289 | -19% | $365,000 | $335,000 | 9% |
| Old Town | 278 | 268 | 3.7% | $355,500 | $328,750 | 8.1% |
| Gold Coast | 937 | 928 | 1% | $352,500 | $400,000 | -11.9% |
| Ravenswood | 502 | 372 | 34.9% | $350,000 | $368,750 | -5.1% |
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