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Thursday, November 28, 2024

West Lincolnwood home prices fall in the second quarter of 2019

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The median sale price of a home sold in the second quarter of 2019 in West Lincolnwood, a Chicago neighborhood, fell by $217,500 while total sales increased by 300%, according to BlockShopper.com.

From April through June of 2019, there were eight homes sold, with a median sale price of $382,500 - a 36.3% decrease over the $600,000 median sale price for the same period of the previous year. There were two homes sold in West Lincolnwood in the second quarter of 2018.

The median sales tax in West Lincolnwood for the most recent year with available data, 2018, was $12,937, approximately 3.4% of the median home sale price for the second quarter of 2019.

The following table compares West Lincolnwood to other Chicago neighborhood with similar median sales prices in the second quarter of 2019:

NeighborhoodApr. - June 2019 Home SalesApr. - June 2018 Home Sales% change (Total Home Sales)Apr. - June 2019 Median Sales PriceApr. - June 2018 Median Sales Price% change (Median Sales Price)
Irving Park 1281280%$411,500$425,500-3.3%
Streeterville3648-25%$407,500$400,5001.7%
River North95111-14.4%$405,000$400,0001.3%
West Loop5364-17.2%$390,000$366,2506.5%
The Loop35342.9%$388,000$385,0000.8%
West Lincolnwood 82300%$382,500$600,000-36.3%
Bridgeport7589-15.7%$380,000$343,00010.8%
Near West Side107120-10.8%$365,000$411,250-11.2%
Old Town90864.7%$351,750$320,7509.7%
Greektown6520%$350,000$360,000-2.8%
Norwood Park99945.3%$345,000$315,0009.5%

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