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Friday, January 24, 2020

River North home prices rise in the first quarter of 2019

Real Estate

By Local Labs News Service | Apr 7, 2019

Re 7

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:

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)
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%
Edgebrook
18
18
0%
$447,750
$476,500
-6%
Lincoln Square
14
17
-17.6%
$445,000
$168,500
164.1%
River North
60
66
-9.1%
$445,000
$414,750
7.3%
River West
23
27
-14.8%
$445,000
$405,000
9.9%
Wrigleyville
43
76
-43.4%
$420,000
$415,000
1.2%
Sauganash
23
33
-30.3%
$415,000
$302,500
37.2%
Andersonville
28
44
-36.4%
$403,250
$407,500
-1%
Ravenswood
52
86
-39.5%
$399,500
$324,250
23.2%

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