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Chicago City Wire

Friday, April 19, 2024

River West home prices rise in June 2019

Realestate2

The median sale price of a home sold in June 2019 in River West, a Chicago neighborhood, rose by $39,000 while total sales decreased by 26.7%, according to BlockShopper.com.

In June 2019, there were 11 homes sold, with a median sale price of $500,000 - a 8.5% increase over the $461,000 median sale price for the same period of the previous year. There were 15 homes sold in River West in June 2018.

The median sales tax in River West for the most recent year with available data, 2018, was $6,306, approximately 1.3% of the median home sale price for June 2019.

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

NeighborhoodJune 2019 Home SalesJune 2018 Home Sales% change (Total Home Sales)June 2019 Median Sales PriceJune 2018 Median Sales Price% change (Median Sales Price)
Bucktown4960-18.3%$575,000$608,250-5.5%
Wrigleyville2433-27.3%$529,000$485,0009.1%
Noble Square1323-43.5%$520,000$480,0008.3%
Edgebrook1517-11.8%$505,000$487,0003.7%
Lincoln Square79-22.2%$504,500$533,500-5.4%
River West1115-26.7%$500,000$461,0008.5%
Streeterville1419-26.3%$450,000$277,00062.5%
Lakeview 149169-11.8%$445,000$465,000-4.3%
Goose Island613-53.8%$438,000$523,000-16.3%
West Town3344-25%$435,000$462,500-5.9%
The Loop111010%$430,000$262,50063.8%

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