Quantcast

Chicago City Wire

Wednesday, April 24, 2024

Mayfair home prices rise in September 2018

Re 2

The median sale price of a home sold in September 2018 in Mayfair, a Chicago neighborhood, rose by $10,000 while total sales increased by 75%, according to BlockShopper.com.

In September 2018, there were seven homes sold, with a median sale price of $265,000 - a 3.9% increase over the $255,000 median sale price for the same period of the previous year. There were four homes sold in Mayfair in September 2017.

The median sales tax in Mayfair for the most recent year with available data, 2017, was $5,135, approximately 1.9% of the median home sale price for September 2018.

The following table compares Mayfair to other Chicago neighborhood with similar median sales prices in September 2018:

NeighborhoodSept. 2018 Home SalesSept. 2017 Home Sales% change (Total Home Sales)Sept. 2018 Median Sales PriceSept. 2017 Median Sales Price% change (Median Sales Price)
Humboldt Park 3536-2.8%$284,000$256,75010.6%
Uptown363116.1%$282,500$150,00088.3%
Galewood1218-33.3%$281,500$260,5008.1%
Bridgeport332913.8%$280,000$328,500-14.8%
Portage Park3950-22%$270,000$308,750-12.6%
Mayfair7475%$265,000$255,0003.9%
Union Ridge510-50%$260,000$259,0000.4%
Boystown38358.6%$250,250$211,50018.3%
Garfield Ridge4149-16.3%$250,000$222,50012.4%
Montclare617-64.7%$247,500$232,0006.7%
Clearing1719-10.5%$247,000$225,0009.8%

MORE NEWS