From January through December of 2017, there were 94 homes sold, with a median sale price of $335,000 - a 20.5% increase over the $278,000 median sale price for the previous year. There were 99 homes sold in Mayfair in 2016.
The median sales tax in Mayfair for 2017 was $5,135. In 2016, the median sales tax was $4,966. This marks an increase of 3.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.5%.
The following table compares Mayfair 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) |
|---|---|---|---|---|---|---|
| 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% |
| West Loop | 176 | 163 | 8% | $331,500 | $320,000 | 3.6% |
| South Loop | 929 | 995 | -6.6% | $331,500 | $325,000 | 2% |
| Near North | 409 | 396 | 3.3% | $330,000 | $331,750 | -0.5% |
| University Village / Little Italy | 196 | 189 | 3.7% | $329,000 | $325,000 | 1.2% |
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