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Chicago City Wire

Monday, November 25, 2024

How did home prices perform in River North during April?

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The median sale price of a home sold in April in River North, a Chicago neighborhood, fell by $83,000 while total sales decreased by 87.2 percent, according to BlockShopper.com.

In April, there were five homes sold, with a median sale price of $305,000 - a 21.4 percent decrease from the $388,000 median sale price for the same period of the previous year. There were 39 homes sold in River North in April 2021.

The median sales tax in River North for the most recent year with available data, 2019, was $6,542, approximately 2.1 percent of the median home sale price for April.

The following table compares River North 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)
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
Galewood215-86.7$306,000$285,0007.4
River North539-87.2$305,000$388,000-21.4
Union Ridge29-77.8$301,000$340,000-11.5
Dunning682-92.7$283,250$303,000-6.5
University Village/Little Italy424-83.3$282,500$378,750-25.4
Edgewater 578-93.6$277,000$217,50027.4
Brighton Park218-88.9$262,750$230,00014.2

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