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Chicago City Wire

Monday, November 25, 2024

Noble Square home prices rise in February 2017

Realestate3

The median sale price of a home sold in February 2017 in Noble Square, a Chicago neighborhood, rose by $61,000 while total sales decreased by 54.5%, according to BlockShopper.com.

In February 2017, there were five homes sold, with a median sale price of $625,000 - a 10.8% increase over the $564,000 median sale price for the same period of the previous year. There were 11 homes sold in Noble Square in February 2016.

The median sales tax in Noble Square for 2017 was $7,702. In 2016, the median sales tax was $7,266. This marks an increase of 6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.2%.

The following table compares Noble Square to other Chicago neighborhood with similar median sales prices in February 2017:

NeighborhoodFeb. 2017 Home SalesFeb. 2016 Home Sales% change (Total Home Sales)Feb. 2017 Median Sales PriceFeb. 2016 Median Sales Price% change (Median Sales Price)
West Lincolnwood 220%$693,500$667,2503.9%
Roscoe Village 910-10%$685,000$567,25020.8%
Noble Square511-54.5%$625,000$564,00010.8%
Ukrainian Village 161145.5%$544,500$504,5007.9%
Andersonville 89-11.1%$527,500$650,000-18.8%
Wrigleyville812-33.3%$522,500$370,00041.2%
Edgebrook89-11.1%$487,500$457,0006.7%
River West910-10%$483,500$294,00064.5%
West Town1122-50%$480,000$408,00017.6%
Wicker Park1415-6.7%$472,250$520,000-9.2%
Lincoln Park73730%$472,000$575,000-17.9%

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