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Chicago City Wire

Thursday, January 23, 2020

The Loop home prices rise in the first quarter of 2019

Real Estate

By Local Labs News Service | Apr 7, 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:

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)
Mayfair
9
18
-50%
$335,000
$294,750
13.7%
North Park
24
47
-48.9%
$331,000
$275,000
20.4%
Old Town
41
64
-35.9%
$330,000
$405,000
-18.5%
Streeterville
29
28
3.6%
$324,000
$445,000
-27.2%
Bridgeport
59
65
-9.2%
$320,000
$350,000
-8.6%
The Loop
22
319
-93.1%
$319,750
$182,500
75.2%
Albany Park
98
93
5.4%
$318,250
$260,000
22.4%
Tri-Taylor
6
5
20%
$317,500
$240,000
32.3%
Edison Park
33
33
0%
$315,000
$340,000
-7.4%
Portage Park
133
148
-10.1%
$315,000
$298,750
5.4%
Near North
75
83
-9.6%
$314,000
$322,500
-2.6%

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