In January 2017, there were four homes sold, with a median sale price of $302,500 - a 16.3% increase over the $260,000 median sale price for the same period of the previous year. There were 10 homes sold in Mayfair in January 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 1.7%.
The following table compares Mayfair 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) |
|---|---|---|---|---|---|---|
| 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% |
| Streeterville | 18 | 4 | 350% | $272,500 | $335,500 | -18.8% |
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