October's First-Time Homebuyer Report for Near West Side

Near West Side is a smaller-than-average neighborhood in Chicago, IL with a population of 7,923 residents, and it has a much lower than average density compared to the rest of the city, with 6,928.9 people per square mile. Homes in Near West Side are relatively old with a median age of 37 years. Topping the list of best schools in the neighborhood is Jackson A Elementary Language Academy.

Price Range

Near West Side has some of the more expensive homes in the city with a median home value of $247,471 and a current average list price of $366,766. The Near West Side market warmed up this week as sales rose 2.1% to hit 96 homes sold over the last 30 days.

Curious as to which homes have been getting the most attention in Near West Side? These listings have stirred up interest and produced the most views:

$240K   $1.2M   $299K  

Typical Dwelling

The typical dwelling in Near West Side is a two-bedroom condo worth about $395,117. To purchase a similar home, a buyer with good credit and a $79,023 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,969 monthly payment. The property tax rate is $17.75 per $1,000 of taxable assessed value.

Get started right now by checking out Near West Side homes for sale or reviewing Near West Side real estate trends.

Data reported through 10/13/2016


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Prudential Rubloff Properties
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