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Chicago City Wire

Tuesday, November 26, 2024

Pilsen home prices fall in March 2017

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The median sale price of a home sold in March 2017 in Pilsen, a Chicago neighborhood, fell by $102,500 while total sales increased by 40%, according to BlockShopper.com.

In March 2017, there were 14 homes sold, with a median sale price of $322,500 - a 24.1% decrease over the $425,000 median sale price for the same period of the previous year. There were 10 homes sold in Pilsen in March 2016.

The median sales tax in Pilsen for 2017 was $4,594. In 2016, the median sales tax was $4,342. This marks an increase of 5.8%. 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 Pilsen 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)
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%
Edison Park770%$310,000$306,0001.3%
Portage Park71659.2%$308,000$285,5007.9%
Big Oaks63100%$305,000$239,50027.3%

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