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Friday, April 26, 2024

Bucktown home prices fall in July 2017

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The median sale price of a home sold in July 2017 in Bucktown, a Chicago neighborhood, fell by $3,000 while total sales decreased by 32.2%, according to BlockShopper.com.

In July 2017, there were 40 homes sold, with a median sale price of $552,000 - a 0.5% decrease over the $555,000 median sale price for the same period of the previous year. There were 59 homes sold in Bucktown in July 2016.

The median sales tax in Bucktown for 2017 was $9,088. In 2016, the median sales tax was $8,652. This marks an increase of 5%. 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 Bucktown to other Chicago neighborhood with similar median sales prices in July 2017:

NeighborhoodJuly 2017 Home SalesJuly 2016 Home Sales% change (Total Home Sales)July 2017 Median Sales PriceJuly 2016 Median Sales Price% change (Median Sales Price)
North Center 39382.6%$608,000$651,000-6.6%
Goose Island912-25%$575,000$357,50060.8%
Bucktown4059-32.2%$552,000$555,000-0.5%
Wicker Park29290%$540,000$577,000-6.4%
Lincoln Park143169-15.4%$532,000$440,00020.9%
Pilsen610-40%$529,500$398,25033%
Ukrainian Village 433716.2%$519,000$545,000-4.8%
Lincoln Square94125%$500,000$522,500-4.3%
Noble Square211723.5%$499,000$500,000-0.2%
River West178112.5%$490,000$430,50013.8%
Wrigleyville2856-50%$487,500$407,50019.6%

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