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Chicago City Wire

Monday, November 25, 2024

Home prices decreased in Ravenswood during April

Realestate2

The median sale price of a home sold in April in Ravenswood , a Chicago neighborhood, fell by $43,500 while total sales decreased by 90.4 percent, according to BlockShopper.com.

In April, there were five homes sold, with a median sale price of $346,000 - an 11.2 percent decrease from the $389,500 median sale price for the same period of the previous year. There were 52 homes sold in Ravenswood in April 2021.

The median sales tax in Ravenswood for the most recent year with available data, 2019, was $7,836, approximately 2.3 percent of the median home sale price for April.

The following table compares Ravenswood to other Chicago neighborhood with similar median sale prices in April:

NeighborhoodApril 2022 Home SalesApril 2021 Home Sales% change (Total Home Sales)April 2022 Median Sales PriceApril 2021 Median Sales Price% change (Median Sales Price)
Near North834-76.5$360,000$365,000-1.4
South Loop 696-93.8$356,000$330,5007.7
Hermosa 325-88$355,000$315,00012.7
Heart of Chicago18-87.5$350,000$444,000-21.2
Jefferson Park1035-71.4$349,000$399,000-12.5
Ravenswood 552-90.4$346,000$389,500-11.2
Ashburn 215-86.7$342,000$216,00058.3
Gold Coast1280-85$332,500$452,500-26.5
Wicker Park137-97.3$325,000$550,000-40.9
West Rogers Park877-89.6$324,750$290,00012
Big Oaks415-73.3$319,250$330,000-3.3

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