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Friday, April 26, 2024

North Mayfair home prices rise in December 2018

Re 1

The median sale price of a home sold in December 2018 in North Mayfair, a Chicago neighborhood, rose by $74,750 while total sales decreased by 16.7%, according to BlockShopper.com.

In December 2018, there were five homes sold, with a median sale price of $241,500 - a 44.8% increase over the $166,750 median sale price for the same period of the previous year. There were six homes sold in North Mayfair in December 2017.

The median sales tax in North Mayfair for the most recent year with available data, 2017, was $5,016, approximately 2.1% of the median home sale price for December 2018.

The following table compares North Mayfair 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)
Streeterville610-40%$251,500$463,000-45.7%
Wrigleyville3437-8.1%$250,000$239,5004.4%
McKinley Park114175%$250,000$200,25024.8%
O'Hare9728.6%$246,000$174,00041.4%
Dunning57529.6%$246,000$252,500-2.6%
North Mayfair56-16.7%$241,500$166,75044.8%
West Lawn1933-42.4%$227,000$170,00033.5%
Garfield Ridge34319.7%$226,500$230,000-1.5%
Bronzeville2232-31.3%$222,500$252,500-11.9%
Hermosa 1620-20%$222,500$271,750-18.1%
Big Oaks36-50%$218,000$301,500-27.7%

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