From January through December of 2017, there were 278 homes sold, with a median sale price of $355,500 - a 8.1% increase over the $328,750 median sale price for the previous year. There were 268 homes sold in Old Town in 2016.
The median sales tax in Old Town for 2017 was $4,623. In 2016, the median sales tax was $4,442. This marks an increase of 4.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.3%.
The following table compares Old Town 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) |
|---|---|---|---|---|---|---|
| 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% |
| Irving Park | 416 | 456 | -8.8% | $338,250 | $315,000 | 7.4% |
| Mayfair | 94 | 99 | -5.1% | $335,000 | $278,000 | 20.5% |
| Bridgeport | 373 | 299 | 24.7% | $335,000 | $300,000 | 11.7% |
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