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Friday, April 19, 2024

University Village / Little Italy 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 University Village / Little Italy, a Chicago neighborhood, rose by $86,000 while total sales decreased by 31%, according to BlockShopper.com.

From January through March of 2019, there were 20 homes sold, with a median sale price of $383,500 - a 28.9% increase over the $297,500 median sale price for the same period of the previous year. There were 29 homes sold in University Village / Little Italy in the first quarter of 2018.

The median sales tax in University Village / Little Italy for the most recent year with available data, 2018, was $5,487, approximately 1.4% of the median home sale price for the first quarter of 2019.

The following table compares University Village / Little Italy 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)
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%
Mayfair918-50%$335,000$294,75013.7%

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