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Chicago City Wire

Monday, November 25, 2024

West Rogers Park home prices rise in the first quarter of 2017

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The median sale price of a home sold in the first quarter of 2017 in West Rogers Park, a Chicago neighborhood, rose by $30,500 while total sales increased by 33.1%, according to BlockShopper.com.

From January through March of 2017, there were 193 homes sold, with a median sale price of $220,500 - a 16.1% increase over the $190,000 median sale price for the same period of the previous year. There were 145 homes sold in West Rogers Park in the first quarter of 2016.

The median sales tax in West Rogers Park for 2017 was $4,181.08. In 2016, the median sales tax was $4,118.70. This marks an increase of 1.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.9%.

The following table compares West Rogers Park to other Chicago neighborhood with similar median sales prices in the first quarter of 2017:

NeighborhoodJan. - Mar. 2017 Home SalesJan. - Mar. 2016 Home Sales% change (Total Home Sales)Jan. - Mar. 2017 Median Sales PriceJan. - Mar. 2016 Median Sales Price% change (Median Sales Price)
Hermosa 5061-18%$230,000$200,00015%
Dunning16112429.8%$230,000$213,7507.6%
Humboldt Park 1099910.1%$225,000$169,00033.1%
Beverly 634540%$225,000$242,500-7.2%
Montclare32320%$221,000$200,50010.2%
West Rogers Park19314533.1%$220,500$190,00016.1%
Belmont/Cragin89104-14.4%$215,000$198,0008.6%
Mount Greenwood45434.7%$210,000$189,00011.1%
Edgewater 127135-5.9%$204,000$240,000-15%
Garfield Ridge8588-3.4%$193,000$173,75011.1%
McKinley Park2228-21.4%$191,000$179,2506.6%

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