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Friday, April 19, 2024

Pilsen home prices fall in December 2017

Realestate1

The median sale price of a home sold in December 2017 in Pilsen, a Chicago neighborhood, fell by $210,000 while total sales decreased by 9.1%, according to BlockShopper.com.

In December 2017, there were 10 homes sold, with a median sale price of $260,000 - a 44.7% decrease over the $470,000 median sale price for the same period of the previous year. There were 11 homes sold in Pilsen in December 2016.

The median sales tax in Pilsen for 2017 was $4,594. In 2016, the median sales tax was $4,342. This marks an increase of 5.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.8%.

The following table compares Pilsen to other Chicago neighborhood with similar median sales prices in December 2017:

NeighborhoodDec. 2017 Home SalesDec. 2016 Home Sales% change (Total Home Sales)Dec. 2017 Median Sales PriceDec. 2016 Median Sales Price% change (Median Sales Price)
Humboldt Park 3339-15.4%$269,000$267,0000.7%
Galewood1014-28.6%$268,250$279,500-4%
Jefferson Park2227-18.5%$265,000$271,000-2.2%
Belmont/Cragin332722.2%$265,000$256,0003.5%
Mount Greenwood171241.7%$264,000$173,50052.2%
Pilsen1011-9.1%$260,000$470,000-44.7%
Bronzeville322718.5%$252,500$190,00032.9%
Dunning52512%$252,500$250,0001%
Montclare1719-10.5%$250,000$237,0005.5%
Wrigleyville3743-14%$239,500$380,000-37%
West Rogers Park805060%$235,000$230,0002.2%

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