Quantcast

Chicago City Wire

Saturday, November 23, 2024

May: West Town experienced a 66.5% increase in median home prices

Re 13

The median sale price of a home sold in May in West Town, a Chicago neighborhood, rose by $314,500 while total sales decreased by 92.7 percent, according to BlockShopper.com.

In May, there were four homes sold, with a median sale price of $787,500 - a 66.5 percent increase over the $473,000 median sale price for the same period of the previous year. There were 55 homes sold in West Town in May 2021.

The median sales tax in West Town for the most recent year with available data, 2019, was $8,072, approximately one percent of the median home sale price for May.

The following table compares West Town to other Chicago neighborhood with similar median sale prices in May:

NeighborhoodMay 2022 Home SalesMay 2021 Home Sales% change (Total Home Sales)May 2022 Median Sales PriceMay 2021 Median Sales Price% change (Median Sales Price)
North Center 540-87.5$1,355,000$616,000120
Wicker Park229-93.1$991,250$536,00084.9
Old Town134-97.1$901,500$380,000137.2
Wrigleyville242-95.2$865,500$443,50095.2
West Town455-92.7$787,500$473,00066.5
Uptown241-95.1$650,000$320,000103.1
Bucktown567-92.5$585,000$550,0006.4
Logan Square12109-89$580,500$412,00040.9
Greektown14-75$572,000$330,00073.3
Andersonville 212-83.3$570,000$415,00037.3
Edgebrook217-88.2$561,250$530,0005.9

MORE NEWS