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Chicago City Wire

Wednesday, April 24, 2024

Chinatown home prices fall in December 2018

Realestate077

The median sale price of a home sold in December 2018 in Chinatown, a Chicago neighborhood, fell by $41,000 while total sales decreased by 33.3%, according to BlockShopper.com.

In December 2018, there were two homes sold, with a median sale price of $295,500 - a 12.2% decrease over the $336,500 median sale price for the same period of the previous year. There were three homes sold in Chinatown in December 2017.

The median sales tax in Chinatown for the most recent year with available data, 2017, was $4,063, approximately 1.4% of the median home sale price for December 2018.

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

NeighborhoodDec. 2018 Home SalesDec. 2017 Home Sales% change (Total Home Sales)Dec. 2018 Median Sales PriceDec. 2017 Median Sales Price% change (Median Sales Price)
Portage Park674936.7%$312,000$270,00015.6%
University Village / Little Italy14137.7%$307,000$350,000-12.3%
Montclare717-58.8%$300,000$250,00020%
Jefferson Park23224.5%$300,000$265,00013.2%
Gold Coast5059-15.3%$297,500$407,500-27%
Chinatown23-33.3%$295,500$336,500-12.2%
Pilsen610-40%$292,500$260,00012.5%
Irving Park 2930-3.3%$285,000$295,000-3.4%
North Park615-60%$280,000$285,000-1.8%
Beverly 1318-27.8%$272,000$317,500-14.3%
West Rogers Park4480-45%$266,250$235,00013.3%

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