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Wednesday, April 17, 2024

West Loop home prices rise in the first quarter of 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:

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)
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%
Goose Island1823-21.7%$395,000$442,500-10.7%
Logan Square159163-2.5%$392,000$417,000-6%
West Loop211723.5%$385,000$356,0008.1%
University Village / Little Italy2029-31%$383,500$297,50028.9%
Near West Side6578-16.7%$375,000$350,5007%
Avondale5758-1.7%$351,500$394,500-10.9%
Irving Park 776616.7%$340,000$388,250-12.4%
South Loop 152154-1.3%$335,000$310,0008.1%

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