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Thursday, April 25, 2024

River North home prices rise in May 2019

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The median sale price of a home sold in May 2019 in River North, a Chicago neighborhood, rose by $40,000 while total sales increased by 29%, according to BlockShopper.com.

In May 2019, there were 40 homes sold, with a median sale price of $420,000 - a 10.5% increase over the $380,000 median sale price for the same period of the previous year. There were 31 homes sold in River North in May 2018.

The median sales tax in River North for the most recent year with available data, 2018, was $6,432, approximately 1.5% of the median home sale price for May 2019.

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

NeighborhoodMay 2019 Home SalesMay 2018 Home Sales% change (Total Home Sales)May 2019 Median Sales PriceMay 2018 Median Sales Price% change (Median Sales Price)
Lakeview 1381361.5%$465,250$450,5003.3%
Logan Square90855.9%$455,500$380,00019.9%
River West231735.3%$450,000$448,0000.4%
Avondale26260%$438,000$357,75022.4%
Edison Park2029-31%$433,500$330,00031.4%
River North403129%$420,000$380,00010.5%
Andersonville 242114.3%$420,000$590,000-28.8%
Forest Glen7540%$410,000$350,00017.1%
Irving Park 4853-9.4%$394,500$333,00018.5%
Old Town3133-6.1%$390,000$278,00040.3%
Near West Side44424.8%$385,000$427,000-9.8%

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