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Tuesday, January 21, 2020

Lincoln Park home prices fall in the first quarter of 2019

Real Estate

By Local Labs News Service | Apr 7, 2019

Re 4

The median sale price of a home sold in the first quarter of 2019 in Lincoln Park, a Chicago neighborhood, fell by $4,000 while total sales decreased by 13.8%, according to BlockShopper.com.

From January through March of 2019, there were 219 homes sold, with a median sale price of $575,000 - a 0.7% decrease over the $579,000 median sale price for the same period of the previous year. There were 254 homes sold in Lincoln Park in the first quarter of 2018.

The median sales tax in Lincoln Park for the most recent year with available data, 2018, was $8,487, approximately 1.5% of the median home sale price for the first quarter of 2019.

The following table compares Lincoln Park to other Chicago neighborhood with similar median sales prices in the first quarter of 2019:

Neighborhood
Jan. - Mar. 2019 Home Sales
Jan. - Mar. 2018 Home Sales
% change (Total Home Sales)
Jan. - Mar. 2019 Median Sales Price
Jan. - Mar. 2018 Median Sales Price
% change (Median Sales Price)
North Center
51
63
-19%
$675,000
$610,000
10.7%
Bucktown
58
78
-25.6%
$595,000
$521,000
14.2%
West Lincolnwood
5
9
-44.4%
$585,000
$490,000
19.4%
Lincoln Park
219
254
-13.8%
$575,000
$579,000
-0.7%
Greektown
2
8
-75%
$546,750
$524,000
4.3%
Roscoe Village
36
57
-36.8%
$540,000
$630,000
-14.3%
Ukrainian Village
57
60
-5%
$540,000
$602,500
-10.4%
Wicker Park
32
49
-34.7%
$496,250
$565,000
-12.2%
West Town
49
63
-22.2%
$480,000
$485,000
-1%
Noble Square
31
33
-6.1%
$475,000
$510,000
-6.9%
Lakeview
213
267
-20.2%
$450,000
$455,000
-1.1%

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