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Chicago City Wire

Monday, November 25, 2024

Home prices increased in Edgewater during April

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The median sale price of a home sold in April in Edgewater , a Chicago neighborhood, rose by $59,500 while total sales decreased by 93.6 percent, according to BlockShopper.com.

In April, there were five homes sold, with a median sale price of $277,000 - a 27.4 percent increase over the $217,500 median sale price for the same period of the previous year. There were 78 homes sold in Edgewater in April 2021.

The median sales tax in Edgewater for the most recent year with available data, 2019, was $3,091, approximately 1.1 percent of the median home sale price for April.

The following table compares Edgewater 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)
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
Bridgeport230-93.3$259,319$457,500-43.3
West Loop216-87.5$252,500$310,000-18.5
Garfield Ridge536-86.1$250,500$278,250-10
Hyde Park123-95.7$241,500$170,00042.1

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