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Monday, January 27, 2020

West Loop home prices rise in the first quarter of 2019

Real Estate

By Local Labs News Service | Apr 7, 2019

Realestate4

The median sale price of a home sold in the first quarter of 2019 in West Loop, a Chicago neighborhood, rose by $29,000 while total sales increased by 23.5%, according to BlockShopper.com.

From January through March of 2019, there were 21 homes sold, with a median sale price of $385,000 - a 8.1% increase over the $356,000 median sale price for the same period of the previous year. There were 17 homes sold in West Loop in the first quarter of 2018.

The median sales tax in West Loop for the most recent year with available data, 2018, was $5,201, approximately 1.4% of the median home sale price for the first quarter of 2019.

The following table compares West Loop 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)
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%
Goose Island
18
23
-21.7%
$395,000
$442,500
-10.7%
Logan Square
159
163
-2.5%
$392,000
$417,000
-6%
West Loop
21
17
23.5%
$385,000
$356,000
8.1%
University Village / Little Italy
20
29
-31%
$383,500
$297,500
28.9%
Near West Side
65
78
-16.7%
$375,000
$350,500
7%
Avondale
57
58
-1.7%
$351,500
$394,500
-10.9%
Irving Park
77
66
16.7%
$340,000
$388,250
-12.4%
South Loop
152
154
-1.3%
$335,000
$310,000
8.1%

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