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Chicago City Wire

Friday, April 19, 2024

Lincoln Park home prices fall in September 2017

Re 11

The median sale price of a home sold in September 2017 in Lincoln Park, a Chicago neighborhood, fell by $9,000 while total sales decreased by 23.9%, according to BlockShopper.com.

In September 2017, there were 108 homes sold, with a median sale price of $516,000 - a 1.7% decrease over the $525,000 median sale price for the same period of the previous year. There were 142 homes sold in Lincoln Park in September 2016.

The median sales tax in Lincoln Park for 2017 was $7,765. In 2016, the median sales tax was $7,424. This marks an increase of 4.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.5%.

The following table compares Lincoln Park to other Chicago neighborhood with similar median sales prices in September 2017:

NeighborhoodSept. 2017 Home SalesSept. 2016 Home Sales% change (Total Home Sales)Sept. 2017 Median Sales PriceSept. 2016 Median Sales Price% change (Median Sales Price)
West Lincolnwood 440%$595,000$645,500-7.8%
Lincoln Square62200%$549,750$555,500-1%
Bucktown2649-46.9%$518,750$517,0000.3%
Lincoln Park108142-23.9%$516,000$525,000-1.7%
Ukrainian Village 2733-18.2%$505,000$515,000-1.9%
West Town2235-37.1%$501,000$480,0004.4%
North Center 241833.3%$497,750$567,500-12.3%
Edgebrook990%$490,000$525,000-6.7%
River West161414.3%$488,000$427,00014.3%
Noble Square13128.3%$472,500$410,00015.2%
Roscoe Village 2123-8.7%$467,500$557,500-16.1%

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