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Chicago City Wire

Friday, April 26, 2024

Wicker Park home prices rise in October 2017

Realestate4

The median sale price of a home sold in October 2017 in Wicker Park, a Chicago neighborhood, rose by $25,000 while total sales decreased by 44.4%, according to BlockShopper.com.

In October 2017, there were 10 homes sold, with a median sale price of $540,000 - a 4.9% increase over the $515,000 median sale price for the same period of the previous year. There were 18 homes sold in Wicker Park in October 2016.

The median sales tax in Wicker Park for 2017 was $10,101. In 2016, the median sales tax was $9,574. This marks an increase of 5.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.9%.

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

NeighborhoodOct. 2017 Home SalesOct. 2016 Home Sales% change (Total Home Sales)Oct. 2017 Median Sales PriceOct. 2016 Median Sales Price% change (Median Sales Price)
Roscoe Village 1320-35%$665,000$665,0000%
Wrigleyville1517-11.8%$595,000$555,0007.2%
Lincoln Park9799-2%$540,000$573,000-5.8%
Wicker Park1018-44.4%$540,000$515,0004.9%
North Center 2433-27.3%$528,000$581,000-9.1%
Ukrainian Village 181338.5%$524,750$430,00022%
Noble Square161145.5%$520,000$400,00030%
West Town32306.7%$507,500$425,50019.3%
Lakeview 1209131.9%$468,500$443,0005.8%
Ravenswood 36360%$437,500$447,500-2.2%
Near North2227-18.5%$435,000$295,00047.5%

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