In June 2017, there were 12 homes sold, with a median sale price of $320,000 - a 35.6% increase over the $236,000 median sale price for the same period of the previous year. There were five homes sold in North Mayfair in June 2016.
The median sales tax in North Mayfair for 2017 was $5,016. In 2016, the median sales tax was $4,863. This marks an increase of 3.1%. 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 North Mayfair to other Chicago neighborhood with similar median sales prices in June 2017:
| Neighborhood | June 2017 Home Sales | June 2016 Home Sales | % change (Total Home Sales) | June 2017 Median Sales Price | June 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Gold Coast | 118 | 112 | 5.4% | $351,500 | $478,500 | -26.5% |
| Avondale | 24 | 32 | -25% | $351,000 | $353,500 | -0.7% |
| University Village / Little Italy | 21 | 20 | 5% | $349,000 | $345,000 | 1.2% |
| South Loop | 114 | 105 | 8.6% | $334,000 | $331,000 | 0.9% |
| Portage Park | 95 | 88 | 8% | $329,000 | $282,250 | 16.6% |
| North Mayfair | 12 | 5 | 140% | $320,000 | $236,000 | 35.6% |
| Edison Park | 22 | 21 | 4.8% | $312,500 | $361,000 | -13.4% |
| The Loop | 11 | 15 | -26.7% | $310,000 | $345,000 | -10.1% |
| North Park | 22 | 21 | 4.8% | $303,000 | $235,000 | 28.9% |
| Jefferson Park | 35 | 44 | -20.5% | $300,000 | $285,000 | 5.3% |
| Near North | 38 | 46 | -17.4% | $295,250 | $397,500 | -25.7% |
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