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Monday, November 25, 2024

Bridgeport home prices rise in March 2017

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The median sale price of a home sold in March 2017 in Bridgeport, a Chicago neighborhood, rose by $147,500 while total sales increased by 26.3%, according to BlockShopper.com.

In March 2017, there were 24 homes sold, with a median sale price of $372,500 - a 65.6% increase over the $225,000 median sale price for the same period of the previous year. There were 19 homes sold in Bridgeport in March 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 1.4%.

The following table compares Bridgeport 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)
River West161414.3%$403,000$397,5001.4%
Greektown42100%$394,000$348,50013.1%
Lincoln Square23-33.3%$376,000$620,000-39.4%
Near West Side292045%$375,000$370,5001.2%
Logan Square1008517.6%$373,000$365,0002.2%
Bridgeport241926.3%$372,500$225,00065.6%
West Loop12850%$363,750$312,50016.4%
Goose Island10666.7%$362,500$363,000-0.1%
Old Town191435.7%$361,000$306,75017.7%
River North2529-13.8%$345,000$420,000-17.9%
South Loop 7379-7.6%$345,000$290,50018.8%

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