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Friday, January 24, 2020

University Village / Little Italy home prices rise in the first quarter of 2019

Real Estate

By Local Labs News Service | Apr 7, 2019

Re 14

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:

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)
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%
Mayfair
9
18
-50%
$335,000
$294,750
13.7%

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