Quantcast

Chicago City Wire

Monday, November 25, 2024

Ashburn home prices rise in the first quarter of 2017

Re 3

The median sale price of a home sold in the first quarter of 2017 in Ashburn, a Chicago neighborhood, rose by $40,000 while total sales increased by 34.3%, according to BlockShopper.com.

From January through March of 2017, there were 47 homes sold, with a median sale price of $177,000 - a 29.2% increase over the $137,000 median sale price for the same period of the previous year. There were 35 homes sold in Ashburn in the first quarter of 2016.

The median sales tax in Ashburn for 2017 was $2,221.22. In 2016, the median sales tax was $2,222.50. This marks an decrease of 0.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.3%.

The following table compares Ashburn 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)
Garfield Ridge8588-3.4%$193,000$173,75011.1%
McKinley Park2228-21.4%$191,000$179,2506.6%
Clearing614924.5%$190,000$189,0000.5%
O'Hare2527-7.4%$185,000$177,5004.2%
Bronzeville1138139.5%$183,500$170,0007.9%
Ashburn 473534.3%$177,000$137,00029.2%
Galewood25244.2%$175,000$168,7503.7%
West Lawn83795.1%$171,000$160,0006.9%
Archer Heights2025-20%$170,000$175,000-2.9%
Rogers Park1121029.8%$167,250$162,2503.1%
Tri-Taylor25-60%$165,500$363,000-54.4%

MORE NEWS