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Chicago City Wire

Monday, November 25, 2024

Streeterville home prices fall in February 2017

Realestate077

The median sale price of a home sold in February 2017 in Streeterville, a Chicago neighborhood, fell by $588,500 while total sales increased by 300%, according to BlockShopper.com.

In February 2017, there were eight homes sold, with a median sale price of $356,500 - a 62.3% decrease over the $945,000 median sale price for the same period of the previous year. There were two homes sold in Streeterville in February 2016.

The median sales tax in Streeterville for 2017 was $4,882. In 2016, the median sales tax was $4,604. 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 1.4%.

The following table compares Streeterville 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)
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%
Streeterville82300%$356,500$945,000-62.3%
Logan Square51502%$349,000$365,000-4.4%
Avondale171330.8%$340,000$277,00022.7%
Old Town201353.8%$328,500$394,000-16.6%
The Loop126100%$317,000$153,000107.2%
Bridgeport221729.4%$308,500$272,00013.4%

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