Near West Side home prices fall in May 2017
In May 2017, there were 38 homes sold, with a median sale price of $357,500 - a 10.1% decrease over the $397,500 median sale price for the same period of the previous year. There were 44 homes sold in Near West Side in May 2016.
The median sales tax in Near West Side for 2017 was $4,714. In 2016, the median sales tax was $4,448. This marks an increase of 6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.3%.
The following table compares Near West Side to other Chicago neighborhood with similar median sales prices in May 2017: