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Chicago City Wire

Tuesday, November 19, 2024

Sauganash home prices fall in 2017

Realestate2

The median sale price of a home sold in 2017 in Sauganash, a Chicago neighborhood, fell by $11,000 while total sales decreased by 14.7%, according to BlockShopper.com.

From January through December of 2017, there were 122 homes sold, with a median sale price of $376,000 - a 2.8% decrease over the $387,000 median sale price for the previous year. There were 143 homes sold in Sauganash in 2016.

The median sales tax in Sauganash for 2017 was $6,452. In 2016, the median sales tax was $6,221. This marks an increase of 3.7%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.7%.

The following table compares Sauganash 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)
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%
Gold Coast9379281%$352,500$400,000-11.9%
Ravenswood 50237234.9%$350,000$368,750-5.1%
Irving Park 416456-8.8%$338,250$315,0007.4%

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