In December 2017, there were 13 homes sold, with a median sale price of $350,000 - a 25.7% decrease over the $471,250 median sale price for the same period of the previous year. There were 12 homes sold in University Village / Little Italy in December 2016.
The median sales tax in University Village / Little Italy for 2017 was $5,050. In 2016, the median sales tax was $4,644. This marks an increase of 8.7%. 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 University Village / Little Italy to other Chicago neighborhood with similar median sales prices in December 2017:
| Neighborhood | Dec. 2017 Home Sales | Dec. 2016 Home Sales | % change (Total Home Sales) | Dec. 2017 Median Sales Price | Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| West Loop | 11 | 8 | 37.5% | $398,000 | $301,250 | 32.1% |
| Sauganash | 11 | 13 | -15.4% | $395,000 | $422,000 | -6.4% |
| Heart of Chicago | 8 | 4 | 100% | $385,000 | $230,750 | 66.8% |
| Near West Side | 40 | 22 | 81.8% | $357,500 | $410,000 | -12.8% |
| Avondale | 12 | 16 | -25% | $352,500 | $422,500 | -16.6% |
| University Village / Little Italy | 13 | 12 | 8.3% | $350,000 | $471,250 | -25.7% |
| Bridgeport | 31 | 24 | 29.2% | $340,000 | $312,500 | 8.8% |
| Chinatown | 3 | 1 | 200% | $336,500 | $185,000 | 81.9% |
| Near North | 26 | 28 | -7.1% | $331,250 | $370,000 | -10.5% |
| Norwood Park | 25 | 28 | -10.7% | $327,500 | $281,500 | 16.3% |
| Edison Park | 14 | 11 | 27.3% | $324,000 | $310,000 | 4.5% |
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