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Chicago City Wire

Friday, April 19, 2024

Sauganash home prices fall in July 2017

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The median sale price of a home sold in July 2017 in Sauganash, a Chicago neighborhood, fell by $100,250 while total sales increased by 14.3%, according to BlockShopper.com.

In July 2017, there were 16 homes sold, with a median sale price of $325,000 - a 23.6% decrease over the $425,250 median sale price for the same period of the previous year. There were 14 homes sold in Sauganash in July 2016.

The median sales tax in Sauganash for 2017 was $6,452. In 2016, the median sales tax was $6,221. This marks an increase of 3.7%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2%.

The following table compares Sauganash 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 Park1724-29.2%$334,000$323,5003.2%
North Mayfair57-28.6%$330,000$290,00013.8%
University Village / Little Italy2728-3.6%$326,000$317,5002.7%
Portage Park69681.5%$325,000$250,00030%
Edison Park191346.2%$325,000$300,0008.3%
Sauganash161414.3%$325,000$425,250-23.6%
Old Town31296.9%$325,000$355,000-8.5%
The Loop1015-33.3%$323,750$365,000-11.3%
Heart of Chicago29-77.8%$322,500$225,50043%
Near North3746-19.6%$322,000$309,2504.1%
O'Hare12771.4%$317,500$305,0004.1%

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