Quantcast

Chicago City Wire

Tuesday, April 16, 2024

The Loop home prices rise in the first quarter of 2019

Re 1

The median sale price of a home sold in the first quarter of 2019 in The Loop, a Chicago neighborhood, rose by $137,250 while total sales decreased by 93.1%, according to BlockShopper.com.

From January through March of 2019, there were 22 homes sold, with a median sale price of $319,750 - a 75.2% increase over the $182,500 median sale price for the same period of the previous year. There were 319 homes sold in The Loop in the first quarter of 2018.

The median sales tax in The Loop for the most recent year with available data, 2018, was $4,485, approximately 1.4% of the median home sale price for the first quarter of 2019.

The following table compares The 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)
Mayfair918-50%$335,000$294,75013.7%
North Park2447-48.9%$331,000$275,00020.4%
Old Town4164-35.9%$330,000$405,000-18.5%
Streeterville29283.6%$324,000$445,000-27.2%
Bridgeport5965-9.2%$320,000$350,000-8.6%
The Loop22319-93.1%$319,750$182,50075.2%
Albany Park98935.4%$318,250$260,00022.4%
Tri-Taylor6520%$317,500$240,00032.3%
Edison Park33330%$315,000$340,000-7.4%
Portage Park133148-10.1%$315,000$298,7505.4%
Near North7583-9.6%$314,000$322,500-2.6%

MORE NEWS