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Friday, April 19, 2024

Mayfair home prices fall in April 2019

Re 9

The median sale price of a home sold in April 2019 in Mayfair, a Chicago neighborhood, fell by $183,000 while total sales remained unchanged with six homes sold, according to BlockShopper.com.

In April 2019, there were six homes sold, with a median sale price of $258,250 - a 41.5% decrease over the $441,250 median sale price for the same period of the previous year. There were six homes sold in Mayfair in April 2018, as well.

The median sales tax in Mayfair for the most recent year with available data, 2017, was $5,135, approximately 2% of the median home sale price for April 2019.

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

NeighborhoodApr. 2019 Home SalesApr. 2018 Home Sales% change (Total Home Sales)Apr. 2019 Median Sales PriceApr. 2018 Median Sales Price% change (Median Sales Price)
Galewood912-25%$280,000$282,500-0.9%
Big Oaks72250%$280,000$361,000-22.4%
North Park141216.7%$269,250$318,500-15.5%
Boystown3742-11.9%$265,000$216,75022.3%
Forest Glen5366.7%$259,000$182,50041.9%
Mayfair660%$258,250$441,250-41.5%
Edison Park181163.6%$256,250$297,500-13.9%
Hyde Park1922-13.6%$254,000$205,00023.9%
Archer Heights45-20%$251,000$180,00039.4%
Montclare11683.3%$250,000$261,500-4.4%
Belmont/Cragin2437-35.1%$248,750$290,000-14.2%

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