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Thursday, April 18, 2024

River North home prices rise in the first quarter of 2019

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The median sale price of a home sold in the first quarter of 2019 in River North, a Chicago neighborhood, rose by $30,250 while total sales decreased by 9.1%, according to BlockShopper.com.

From January through March of 2019, there were 60 homes sold, with a median sale price of $445,000 - a 7.3% increase over the $414,750 median sale price for the same period of the previous year. There were 66 homes sold in River North in the first quarter of 2018.

The median sales tax in River North for the most recent year with available data, 2018, was $6,432, approximately 1.4% of the median home sale price for the first quarter of 2019.

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

NeighborhoodJan. - Mar. 2019 Home SalesJan. - Mar. 2018 Home Sales% change (Total Home Sales)Jan. - Mar. 2019 Median Sales PriceJan. - Mar. 2018 Median Sales Price% change (Median Sales Price)
West Town4963-22.2%$480,000$485,000-1%
Noble Square3133-6.1%$475,000$510,000-6.9%
Lakeview 213267-20.2%$450,000$455,000-1.1%
Edgebrook18180%$447,750$476,500-6%
Lincoln Square1417-17.6%$445,000$168,500164.1%
River North6066-9.1%$445,000$414,7507.3%
River West2327-14.8%$445,000$405,0009.9%
Wrigleyville4376-43.4%$420,000$415,0001.2%
Sauganash2333-30.3%$415,000$302,50037.2%
Andersonville 2844-36.4%$403,250$407,500-1%
Ravenswood 5286-39.5%$399,500$324,25023.2%

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