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Chicago City Wire

Wednesday, April 24, 2024

Wicker Park home prices fall in January 2017

Realestate2

The median sale price of a home sold in January 2017 in Wicker Park, a Chicago neighborhood, fell by $90,000 while total sales increased by 90.9%, according to BlockShopper.com.

In January 2017, there were 21 homes sold, with a median sale price of $450,000 - a 16.7% decrease over the $540,000 median sale price for the same period of the previous year. There were 11 homes sold in Wicker Park in January 2016.

The median sales tax in Wicker Park for 2017 was $10,101. In 2016, the median sales tax was $9,574. This marks an increase of 5.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.2%.

The following table compares Wicker Park to other Chicago neighborhood with similar median sales prices in January 2017:

NeighborhoodJan. 2017 Home SalesJan. 2016 Home Sales% change (Total Home Sales)Jan. 2017 Median Sales PriceJan. 2016 Median Sales Price% change (Median Sales Price)
Noble Square12119.1%$498,500$450,00010.8%
North Center 1318-27.8%$482,500$494,750-2.5%
Near North252119%$465,000$372,50024.8%
Lakeview 87834.8%$465,000$425,0009.4%
West Town1827-33.3%$461,750$393,00017.5%
Wicker Park211190.9%$450,000$540,000-16.7%
Goose Island710-30%$442,000$403,7509.5%
Avondale15147.1%$407,000$291,00039.9%
Heart of Chicago9812.5%$385,000$264,50045.6%
Bridgeport312810.7%$375,000$296,50026.5%
Sauganash770%$369,000$286,50028.8%

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