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Chicago City Wire

Monday, November 25, 2024

Wicker Park home prices fall in February 2017

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The median sale price of a home sold in February 2017 in Wicker Park, a Chicago neighborhood, fell by $47,750 while total sales decreased by 6.7%, according to BlockShopper.com.

In February 2017, there were 14 homes sold, with a median sale price of $472,250 - a 9.2% decrease over the $520,000 median sale price for the same period of the previous year. There were 15 homes sold in Wicker Park in February 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 2.1%.

The following table compares Wicker Park 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)
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%
Goose Island8560%$458,750$400,00014.7%
Near North1820-10%$417,500$452,500-7.7%
North Center 141216.7%$417,000$490,000-14.9%
Ravenswood 15966.7%$415,000$304,00036.5%

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