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Friday, September 27, 2024

Irving Park home prices rise in January 2017

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The median sale price of a home sold in January 2017 in Irving Park, a Chicago neighborhood, rose by $57,500 while total sales decreased by 19.4%, according to BlockShopper.com.

In January 2017, there were 29 homes sold, with a median sale price of $337,000 - a 20.6% increase over the $279,500 median sale price for the same period of the previous year. There were 36 homes sold in Irving Park in January 2016.

The median sales tax in Irving Park for 2017 was $5,632. In 2016, the median sales tax was $5,468. This marks an increase of 3%. 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 Irving 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)
Pilsen69-33.3%$367,750$285,00029%
Ravenswood 281855.6%$367,500$346,2506.1%
River West6450%$354,000$365,000-3%
Near West Side18180%$345,000$280,50023%
Logan Square756417.2%$340,000$342,500-0.7%
Irving Park 2936-19.4%$337,000$279,50020.6%
Greektown31200%$336,000$360,000-6.7%
Jefferson Park241471.4%$336,000$235,00043%
Albany Park3233-3%$328,750$256,00028.4%
River North2425-4%$327,250$419,000-21.9%
North Park1113-15.4%$325,000$190,00071.1%

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