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Chicago City Wire

Wednesday, February 26, 2020

North Mayfair home prices fall in February 2019

Real Estate

By Local Labs News Service | Mar 7, 2019

Re 2

The median sale price of a home sold in February 2019 in North Mayfair, a Chicago neighborhood, fell by $96,250 while total sales remained unchanged with four homes sold, according to BlockShopper.com.

In February 2019, there were four homes sold, with a median sale price of $273,000 - a 26.1% decrease over the $369,250 median sale price for the same period of the previous year. There were four homes sold in North Mayfair in February 2018, as well.

The median sales tax in North Mayfair for the most recent year with available data, 2017, was $5,016, approximately 1.8% of the median home sale price for February 2019.

The following table compares North Mayfair to other Chicago neighborhood with similar median sales prices in February 2019:

Neighborhood
Feb. 2019 Home Sales
Feb. 2018 Home Sales
% change (Total Home Sales)
Feb. 2019 Median Sales Price
Feb. 2018 Median Sales Price
% change (Median Sales Price)
Pilsen
14
8
75%
$287,500
$367,500
-21.8%
Bridgeport
16
19
-15.8%
$286,000
$345,000
-17.1%
Near North
12
21
-42.9%
$282,750
$278,000
1.7%
Heart of Chicago
5
4
25%
$280,000
$411,750
-32%
Norwood Park
19
11
72.7%
$275,000
$280,000
-1.8%
North Mayfair
4
4
0%
$273,000
$369,250
-26.1%
Jefferson Park
12
15
-20%
$272,500
$287,500
-5.2%
Hermosa
21
19
10.5%
$272,000
$217,000
25.3%
Oakland
11
7
57.1%
$270,000
$113,000
138.9%
Canaryville/Fuller Park
5
3
66.7%
$260,000
$112,500
131.1%
Uptown
21
20
5%
$260,000
$155,250
67.5%

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