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Friday, April 26, 2024

Logan Square home prices rise in October 2017

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The median sale price of a home sold in October 2017 in Logan Square, a Chicago neighborhood, rose by $20,500 while total sales decreased by 3.4%, according to BlockShopper.com.

In October 2017, there were 85 homes sold, with a median sale price of $400,000 - a 5.4% increase over the $379,500 median sale price for the same period of the previous year. There were 88 homes sold in Logan Square in October 2016.

The median sales tax in Logan Square for 2017 was $5,430. In 2016, the median sales tax was $5,189. 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 1.4%.

The following table compares Logan Square 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)
Near North2227-18.5%$435,000$295,00047.5%
Heart of Chicago5425%$435,000$147,500194.9%
Sauganash712-41.7%$421,000$405,5003.8%
River North38365.6%$405,000$357,00013.4%
Near West Side363212.5%$404,500$420,000-3.7%
Logan Square8588-3.4%$400,000$379,5005.4%
Bucktown472962.1%$396,000$515,000-23.1%
Goose Island8560%$387,500$370,0004.7%
Forest Glen440%$381,750$299,75027.4%
Avondale1523-34.8%$381,000$347,0009.8%
Andersonville 1216-25%$376,500$612,500-38.5%

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