In January 2017, there were 11 homes sold, with a median sale price of $310,000 - a 8.8% decrease over the $340,000 median sale price for the same period of the previous year. There were 12 homes sold in University Village / Little Italy in January 2016.
The median sales tax in University Village / Little Italy for 2017 was $5,050. In 2016, the median sales tax was $4,644. This marks an increase of 8.7%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.6%.
The following table compares University Village / Little Italy to other Chicago neighborhood with similar median sales prices in January 2017:
| Neighborhood | Jan. 2017 Home Sales | Jan. 2016 Home Sales | % change (Total Home Sales) | Jan. 2017 Median Sales Price | Jan. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Gold Coast | 54 | 65 | -16.9% | $323,750 | $379,000 | -14.6% |
| South Loop | 57 | 61 | -6.6% | $320,000 | $325,000 | -1.5% |
| Norwood Park | 27 | 18 | 50% | $319,500 | $266,250 | 20% |
| West Loop | 14 | 10 | 40% | $313,250 | $330,500 | -5.2% |
| Union Ridge | 6 | 4 | 50% | $312,500 | $229,500 | 36.2% |
| University Village / Little Italy | 11 | 12 | -8.3% | $310,000 | $340,000 | -8.8% |
| Mayfair | 4 | 10 | -60% | $302,500 | $260,000 | 16.3% |
| Edison Park | 12 | 8 | 50% | $300,000 | $265,000 | 13.2% |
| Edgebrook | 6 | 11 | -45.5% | $297,500 | $395,000 | -24.7% |
| Oriole Park | 11 | 5 | 120% | $285,000 | $108,500 | 162.7% |
| Big Oaks | 5 | 7 | -28.6% | $285,000 | $287,500 | -0.9% |
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