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Chicago City Wire

Tuesday, April 23, 2024

Boystown home prices fall in May 2017

Re 9

The median sale price of a home sold in May 2017 in Boystown, a Chicago neighborhood, fell by $42,500 while total sales increased by 39%, according to BlockShopper.com.

In May 2017, there were 57 homes sold, with a median sale price of $230,000 - a 15.6% decrease over the $272,500 median sale price for the same period of the previous year. There were 41 homes sold in Boystown in May 2016.

The median sales tax in Boystown for 2017 was $3,282. In 2016, the median sales tax was $3,179. This marks an increase of 3.2%. 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 Boystown 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)
Uptown6061-1.6%$250,500$300,000-16.5%
Edgewater 746121.3%$249,500$184,00035.6%
Buena Park271942.1%$242,500$232,0004.5%
Hermosa 171513.3%$235,000$202,50016%
Bronzeville312619.2%$232,000$193,00020.2%
Boystown574139%$230,000$272,500-15.6%
Belmont/Cragin412941.4%$230,000$230,0000%
Mount Greenwood2613100%$227,250$255,000-10.9%
Archer Heights1017-41.2%$224,250$168,00033.5%
Clearing271942.1%$216,500$198,0009.3%
Hyde Park312147.6%$209,000$242,000-13.6%

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