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Chicago City Wire

Tuesday, April 16, 2024

Bucktown home prices fall in February 2017

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The median sale price of a home sold in February 2017 in Bucktown, a Chicago neighborhood, fell by $115,000 while total sales remained unchanged with 23 homes sold, according to BlockShopper.com.

In February 2017, there were 23 homes sold, with a median sale price of $399,000 - a 22.4% decrease over the $514,000 median sale price for the same period of the previous year. There were 23 homes sold in Bucktown in February 2016, as well.

The median sales tax in Bucktown for 2017 was $9,088. In 2016, the median sales tax was $8,652. This marks an increase of 5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.3%.

The following table compares Bucktown 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)
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%
Bucktown23230%$399,000$514,000-22.4%
Sauganash46-33.3%$396,250$292,25035.6%
South Loop 4954-9.3%$380,000$315,00020.6%
Lakeview 645516.4%$375,500$390,000-3.7%
Forest Glen12-50%$372,000$379,500-2%
River North262218.2%$371,750$349,0006.5%

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