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Monday, November 25, 2024

Boystown home prices rise in February 2017

Re 12

The median sale price of a home sold in February 2017 in Boystown, a Chicago neighborhood, rose by $500 while total sales increased by 64%, according to BlockShopper.com.

In February 2017, there were 41 homes sold, with a median sale price of $235,500 - a 0.2% increase over the $235,000 median sale price for the same period of the previous year. There were 25 homes sold in Boystown in February 2016.

The median sales tax in Boystown for 2017 was $3,282. In 2016, the median sales tax was $3,179. This marks an increase of 3.2%. 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 Boystown 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)
Gold Coast4052-23.1%$251,750$401,250-37.3%
West Loop12933.3%$247,500$240,0003.1%
North Park511-54.5%$246,000$350,000-29.7%
Chinatown42100%$237,250$244,500-3%
Edison Park10825%$236,500$241,000-1.9%
Boystown412564%$235,500$235,0000.2%
Jefferson Park221915.8%$232,500$215,0008.1%
Edgewater 3738-2.6%$232,000$226,5002.4%
Hyde Park921-57.1%$225,000$156,00044.2%
Beverly 1215-20%$222,000$255,000-12.9%
Morgan Park 916-43.8%$218,500$125,00074.8%

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