From January through March of 2017, there were 89 homes sold, with a median sale price of $215,000 - a 8.6% increase over the $198,000 median sale price for the same period of the previous year. There were 104 homes sold in Belmont/Cragin in the first quarter of 2016.
The median sales tax in Belmont/Cragin for 2017 was $4,154.59. In 2016, the median sales tax was $4,018. This marks an increase of 3.4%. 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 Belmont/Cragin to other Chicago neighborhood with similar median sales prices in the first quarter of 2017:
| Neighborhood | Jan. - Mar. 2017 Home Sales | Jan. - Mar. 2016 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2017 Median Sales Price | Jan. - Mar. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Dunning | 161 | 124 | 29.8% | $230,000 | $213,750 | 7.6% |
| Humboldt Park | 109 | 99 | 10.1% | $225,000 | $169,000 | 33.1% |
| Beverly | 63 | 45 | 40% | $225,000 | $242,500 | -7.2% |
| Montclare | 32 | 32 | 0% | $221,000 | $200,500 | 10.2% |
| West Rogers Park | 193 | 145 | 33.1% | $220,500 | $190,000 | 16.1% |
| Belmont/Cragin | 89 | 104 | -14.4% | $215,000 | $198,000 | 8.6% |
| Mount Greenwood | 45 | 43 | 4.7% | $210,000 | $189,000 | 11.1% |
| Edgewater | 127 | 135 | -5.9% | $204,000 | $240,000 | -15% |
| Garfield Ridge | 85 | 88 | -3.4% | $193,000 | $173,750 | 11.1% |
| McKinley Park | 22 | 28 | -21.4% | $191,000 | $179,250 | 6.6% |
| Clearing | 61 | 49 | 24.5% | $190,000 | $189,000 | 0.5% |
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