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Monday, November 25, 2024

Bridgeport home prices rise in February 2017

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The median sale price of a home sold in February 2017 in Bridgeport, a Chicago neighborhood, rose by $36,500 while total sales increased by 29.4%, according to BlockShopper.com.

In February 2017, there were 22 homes sold, with a median sale price of $308,500 - a 13.4% increase over the $272,000 median sale price for the same period of the previous year. There were 17 homes sold in Bridgeport in February 2016.

The median sales tax in Bridgeport for 2017 was $5,097. In 2016, the median sales tax was $4,860. This marks an increase of 4.9%. 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 Bridgeport 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)
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%
University Village / Little Italy513-61.5%$308,000$300,0002.7%
Lincoln Square550%$307,500$500,000-38.5%
Oriole Park770%$305,000$212,50043.5%
Irving Park 1627-40.7%$300,250$275,0009.2%
Near West Side1624-33.3%$292,500$264,50010.6%

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