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Chicago City Wire

Friday, April 26, 2024

Ravenswood home prices fall in November 2018

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The median sale price of a home sold in November 2018 in Ravenswood, a Chicago neighborhood, fell by $171,500 while total sales decreased by 50%, according to BlockShopper.com.

In November 2018, there were 12 homes sold, with a median sale price of $330,250 - a 34.2% decrease over the $501,750 median sale price for the same period of the previous year. There were 24 homes sold in Ravenswood in November 2017.

The median sales tax in Ravenswood for the most recent year with available data, 2017, was $7,181, approximately 2.2% of the median home sale price for November 2018.

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

NeighborhoodNov. 2018 Home SalesNov. 2017 Home Sales% change (Total Home Sales)Nov. 2018 Median Sales PriceNov. 2017 Median Sales Price% change (Median Sales Price)
Sauganash811-27.3%$356,250$307,00016%
Forest Glen12-50%$350,000$108,500222.6%
Tri-Taylor13-66.7%$350,000$256,00036.7%
Streeterville6450%$345,500$685,000-49.6%
Buena Park14955.6%$338,000$275,00022.9%
Ravenswood 1224-50%$330,250$501,750-34.2%
Hermosa 1324-45.8%$330,000$255,00029.4%
Kenwood68-25%$325,000$216,25050.3%
Portage Park4164-35.9%$320,000$296,5007.9%
West Town1133-66.7%$315,000$465,000-32.3%
Gold Coast4158-29.3%$315,000$323,000-2.5%

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