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Friday, April 19, 2024

North Center home prices rise in March 2017

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The median sale price of a home sold in March 2017 in North Center, a Chicago neighborhood, rose by $390,000 while total sales increased by 42.9%, according to BlockShopper.com.

In March 2017, there were 30 homes sold, with a median sale price of $1,022,500 - a 61.7% increase over the $632,500 median sale price for the same period of the previous year. There were 21 homes sold in North Center in March 2016.

The median sales tax in North Center for 2017 was $9,534. In 2016, the median sales tax was $9,097. This marks an increase of 4.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 0.9%.

The following table compares North Center to other Chicago neighborhood with similar median sales prices in March 2017:

NeighborhoodMar. 2017 Home SalesMar. 2016 Home Sales% change (Total Home Sales)Mar. 2017 Median Sales PriceMar. 2016 Median Sales Price% change (Median Sales Price)
North Center 302142.9%$1,022,500$632,50061.7%
West Lincolnwood 12-50%$847,000$221,000283.3%
Chinatown5425%$600,000$260,000130.8%
Wicker Park2412100%$596,500$519,50014.8%
Lincoln Park1278844.3%$586,000$464,75026.1%
Noble Square171513.3%$554,500$460,00020.5%
Roscoe Village 25244.2%$550,000$525,0004.8%
Wrigleyville251656.3%$525,000$405,00029.6%
Ukrainian Village 20195.3%$516,000$499,5003.3%
Andersonville 2010100%$482,500$447,5007.8%
Bucktown422755.6%$482,000$559,000-13.8%

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