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Chicago City Wire

Tuesday, November 26, 2024

Edgebrook home prices rise in March 2017

Realestate1

The median sale price of a home sold in March 2017 in Edgebrook, a Chicago neighborhood, rose by $3,750 while total sales increased by 233.3%, according to BlockShopper.com.

In March 2017, there were 10 homes sold, with a median sale price of $343,750 - a 1.1% increase over the $340,000 median sale price for the same period of the previous year. There were three homes sold in Edgebrook in March 2016.

The median sales tax in Edgebrook for 2017 was $7,469. In 2016, the median sales tax was $7,225. This marks an increase of 3.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.2%.

The following table compares Edgebrook 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)
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%
Edgebrook103233.3%$343,750$340,0001.1%
Kenwood7475%$340,000$243,00039.9%
Avondale1720-15%$335,000$351,250-4.6%
Norwood Park3215113.3%$335,000$203,00065%
Boystown3237-13.5%$332,500$299,00011.2%
Pilsen141040%$322,500$425,000-24.1%

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