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Friday, April 26, 2024

Near West Side home prices fall in January 2018

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The median sale price of a home sold in January 2018 in Near West Side, a Chicago neighborhood, fell by $30,000 while total sales increased by 38.9%, according to BlockShopper.com.

In January 2018, there were 25 homes sold, with a median sale price of $315,000 - a 8.7% decrease over the $345,000 median sale price for the same period of the previous year. There were 18 homes sold in Near West Side in January 2017.

The median sales tax in Near West Side for the most recent year with available data, 2017, was $4,714, approximately 1.5% of the median home sale price for January 2018.

The following table compares Near West Side to other Chicago neighborhood with similar median sales prices in January 2018:

NeighborhoodJan. 2018 Home SalesJan. 2017 Home Sales% change (Total Home Sales)Jan. 2018 Median Sales PriceJan. 2017 Median Sales Price% change (Median Sales Price)
Pilsen126100%$325,750$367,750-11.4%
The Loop67-14.3%$322,500$230,00040.2%
Portage Park57561.8%$321,500$267,50020.2%
Gold Coast605411.1%$319,000$323,750-1.5%
Humboldt Park 3338-13.2%$315,000$240,00031.3%
Near West Side251838.9%$315,000$345,000-8.7%
O'Hare34-25%$315,000$244,50028.8%
Big Oaks550%$313,000$285,0009.8%
Forest Glen21100%$301,000$120,000150.8%
Beverly 261752.9%$301,000$235,00028.1%
Mayfair94125%$299,000$302,500-1.2%

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