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Thursday, April 25, 2024

North Mayfair home prices fall in February 2019

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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:

NeighborhoodFeb. 2019 Home SalesFeb. 2018 Home Sales% change (Total Home Sales)Feb. 2019 Median Sales PriceFeb. 2018 Median Sales Price% change (Median Sales Price)
Pilsen14875%$287,500$367,500-21.8%
Bridgeport1619-15.8%$286,000$345,000-17.1%
Near North1221-42.9%$282,750$278,0001.7%
Heart of Chicago5425%$280,000$411,750-32%
Norwood Park191172.7%$275,000$280,000-1.8%
North Mayfair440%$273,000$369,250-26.1%
Jefferson Park1215-20%$272,500$287,500-5.2%
Hermosa 211910.5%$272,000$217,00025.3%
Oakland11757.1%$270,000$113,000138.9%
Canaryville/Fuller Park5366.7%$260,000$112,500131.1%
Uptown21205%$260,000$155,25067.5%

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