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Chicago City Wire

Wednesday, April 24, 2024

Streeterville home prices fall in May 2017

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The median sale price of a home sold in May 2017 in Streeterville, a Chicago neighborhood, fell by $113,000 while total sales remained unchanged with 17 homes sold, according to BlockShopper.com.

In May 2017, there were 17 homes sold, with a median sale price of $299,000 - a 27.4% decrease over the $412,000 median sale price for the same period of the previous year. There were 17 homes sold in Streeterville in May 2016, as well.

The median sales tax in Streeterville for 2017 was $4,882. In 2016, the median sales tax was $4,604. 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 1.6%.

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

NeighborhoodMay 2017 Home SalesMay 2016 Home Sales% change (Total Home Sales)May 2017 Median Sales PriceMay 2016 Median Sales Price% change (Median Sales Price)
Beverly 2324-4.2%$317,000$335,000-5.4%
North Mayfair9728.6%$310,000$245,00026.5%
Portage Park775442.6%$305,000$237,50028.4%
Bridgeport331883.3%$300,000$242,50023.7%
O'Hare13862.5%$300,000$104,000188.5%
Streeterville17170%$299,000$412,000-27.4%
Union Ridge24-50%$293,500$302,000-2.8%
Humboldt Park 5367-20.9%$290,000$265,0009.4%
Oriole Park11922.2%$290,000$230,00026.1%
Big Oaks156150%$280,000$364,750-23.2%
Pilsen161414.3%$279,500$284,500-1.8%

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