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Sunday, November 24, 2024

Pricing for the median home in West Loop decreased during April

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The median sale price of a home sold in April in West Loop, a Chicago neighborhood, fell by $57,500 while total sales decreased by 87.5 percent, according to BlockShopper.com.

In April, there were two homes sold, with a median sale price of $252,500 - an 18.5 percent decrease from the $310,000 median sale price for the same period of the previous year. There were 16 homes sold in West Loop in April 2021.

The median sales tax in West Loop for the most recent year with available data, 2019, was $5,277, approximately 2.1 percent of the median home sale price for April.

The following table compares West Loop 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)
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
Mount Greenwood326-88.5$238,000$253,500-6.1
Clearing329-89.7$231,000$261,000-11.5
West Lawn522-77.3$230,000$230,0000

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