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Chicago City Wire

Monday, November 25, 2024

Avondale home prices fall in March 2017

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The median sale price of a home sold in March 2017 in Avondale, a Chicago neighborhood, fell by $16,250 while total sales decreased by 15%, according to BlockShopper.com.

In March 2017, there were 17 homes sold, with a median sale price of $335,000 - a 4.6% decrease over the $351,250 median sale price for the same period of the previous year. There were 20 homes sold in Avondale in March 2016.

The median sales tax in Avondale for 2017 was $5,787. In 2016, the median sales tax was $5,524. 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 1.7%.

The following table compares Avondale 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)
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%
Near North402748.1%$313,500$433,000-27.6%
The Loop9812.5%$310,000$244,00027%

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