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Chicago City Wire

Monday, November 25, 2024

Sauganash home prices fall in March 2017

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The median sale price of a home sold in March 2017 in Sauganash, a Chicago neighborhood, fell by $130,000 while total sales decreased by 36.4%, according to BlockShopper.com.

In March 2017, there were seven homes sold, with a median sale price of $255,000 - a 33.8% decrease over the $385,000 median sale price for the same period of the previous year. There were 11 homes sold in Sauganash in March 2016.

The median sales tax in Sauganash for 2017 was $6,452. In 2016, the median sales tax was $6,221. This marks an increase of 3.7%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.5%.

The following table compares Sauganash 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)
University Village / Little Italy9728.6%$298,000$340,000-12.4%
Montclare141040%$277,500$198,00040.2%
Jefferson Park282133.3%$277,250$290,000-4.4%
Albany Park574139%$272,000$265,0002.6%
Ravenswood 7417335.3%$260,000$497,000-47.7%
Sauganash711-36.4%$255,000$385,000-33.8%
Belmont/Cragin3034-11.8%$253,000$214,00018.2%
West Rogers Park726314.3%$238,000$150,00058.7%
Dunning654544.4%$235,000$220,0006.8%
Buena Park281947.4%$234,500$255,000-8%
Galewood880%$231,000$157,00047.1%

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