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Chicago City Wire

Thursday, October 17, 2019

Montclare home prices fall in June 2017

Real Estate

By Local Labs News Service | Jul 7, 2017


The median sale price of a home sold in June 2017 in Montclare, a Chicago neighborhood, fell by $6,500 while total sales increased by 70%, according to BlockShopper.com.

In June 2017, there were 17 homes sold, with a median sale price of $231,000 - a 2.7% decrease over the $237,500 median sale price for the same period of the previous year. There were 10 homes sold in Montclare in June 2016.

The median sales tax in Montclare for 2017 was $4,066. In 2016, the median sales tax was $3,957. This marks an increase of 2.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.8%.

The following table compares Montclare 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)
Pilsen
19
12
58.3%
$245,000
$315,000
-22.2%
Mount Greenwood
29
35
-17.1%
$236,000
$193,000
22.3%
O'Hare
23
14
64.3%
$235,000
$295,000
-20.3%
Boystown
196
48
308.3%
$234,500
$243,750
-3.8%
Uptown
60
55
9.1%
$233,750
$265,000
-11.8%
Montclare
17
10
70%
$231,000
$237,500
-2.7%
Garfield Ridge
41
57
-28.1%
$230,000
$222,500
3.4%
Bronzeville
48
37
29.7%
$229,500
$130,000
76.5%
Heart of Chicago
8
4
100%
$229,500
$167,500
37%
Edgewater
81
86
-5.8%
$220,000
$197,250
11.5%
McKinley Park
13
7
85.7%
$210,000
$159,000
32.1%

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