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Friday, April 26, 2024

Greektown home prices fall in April 2017

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The median sale price of a home sold in April 2017 in Greektown, a Chicago neighborhood, fell by $60,500 while total sales decreased by 50%, according to BlockShopper.com.

In April 2017, there were two homes sold, with a median sale price of $470,500 - a 11.4% decrease over the $531,000 median sale price for the same period of the previous year. There were four homes sold in Greektown in April 2016.

The median sales tax in Greektown for 2017 was $4,283. In 2016, the median sales tax was $4,162. This marks an increase of 2.9%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 0.9%.

The following table compares Greektown to other Chicago neighborhood with similar median sales prices in April 2017:

NeighborhoodApr. 2017 Home SalesApr. 2016 Home Sales% change (Total Home Sales)Apr. 2017 Median Sales PriceApr. 2016 Median Sales Price% change (Median Sales Price)
Lincoln Park14311920.2%$526,500$490,0007.4%
Edgebrook126100%$498,750$590,000-15.5%
West Town423231.3%$485,000$371,00030.7%
Pilsen910-10%$482,500$355,00035.9%
Wrigleyville2627-3.7%$481,500$430,00012%
Greektown24-50%$470,500$531,000-11.4%
Roscoe Village 2324-4.2%$469,000$459,5002.1%
River West12119.1%$451,250$393,00014.8%
Lakeview 13611518.3%$450,250$442,0001.9%
Ravenswood 4319126.3%$445,000$370,00020.3%
Bucktown2735-22.9%$440,000$555,000-20.7%

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