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Chicago City Wire

Saturday, October 19, 2019

North Mayfair home prices rise in December 2018

Real Estate

By Local Labs News Service | Jan 7, 2019


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:

Neighborhood
Dec. 2018 Home Sales
Dec. 2017 Home Sales
% change (Total Home Sales)
Dec. 2018 Median Sales Price
Dec. 2017 Median Sales Price
% change (Median Sales Price)
Streeterville
6
10
-40%
$251,500
$463,000
-45.7%
Wrigleyville
34
37
-8.1%
$250,000
$239,500
4.4%
McKinley Park
11
4
175%
$250,000
$200,250
24.8%
O'Hare
9
7
28.6%
$246,000
$174,000
41.4%
Dunning
57
52
9.6%
$246,000
$252,500
-2.6%
North Mayfair
5
6
-16.7%
$241,500
$166,750
44.8%
West Lawn
19
33
-42.4%
$227,000
$170,000
33.5%
Garfield Ridge
34
31
9.7%
$226,500
$230,000
-1.5%
Bronzeville
22
32
-31.3%
$222,500
$252,500
-11.9%
Hermosa
16
20
-20%
$222,500
$271,750
-18.1%
Big Oaks
3
6
-50%
$218,000
$301,500
-27.7%

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