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Chicago City Wire

Wednesday, April 24, 2024

Near West Side home prices fall in March 2018

Realestate4

The median sale price of a home sold in March 2018 in Near West Side, a Chicago neighborhood, fell by $7,000 while total sales remained unchanged with 29 homes sold, according to BlockShopper.com.

In March 2018, there were 29 homes sold, with a median sale price of $368,000 - a 1.9% decrease over the $375,000 median sale price for the same period of the previous year. There were 29 homes sold in Near West Side in March 2017, as well.

The median sales tax in Near West Side for the most recent year with available data, 2017, was $4,714, approximately 1.3% of the median home sale price for March 2018.

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

NeighborhoodMar. 2018 Home SalesMar. 2017 Home Sales% change (Total Home Sales)Mar. 2018 Median Sales PriceMar. 2017 Median Sales Price% change (Median Sales Price)
Avondale251747.1%$425,000$335,00026.9%
River North27258%$410,000$345,00018.8%
Union Ridge46-33.3%$407,500$302,00034.9%
Andersonville 222010%$397,500$482,500-17.6%
Near North3240-20%$380,000$313,50021.2%
Near West Side29290%$368,000$375,000-1.9%
River West1316-18.8%$365,000$403,000-9.4%
Bridgeport1924-20.8%$362,000$372,500-2.8%
Edison Park157114.3%$355,000$310,00014.5%
University Village / Little Italy12933.3%$351,000$298,00017.8%
West Loop612-50%$344,500$363,750-5.3%

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