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Chicago City Wire

Monday, November 25, 2024

West Lawn 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 Lawn, a Chicago neighborhood, rose by $11,000 while total sales increased by 5.1%, according to BlockShopper.com.

From January through March of 2017, there were 83 homes sold, with a median sale price of $171,000 - a 6.9% increase over the $160,000 median sale price for the same period of the previous year. There were 79 homes sold in West Lawn in the first quarter of 2016.

The median sales tax in West Lawn for 2017 was $2,729.37. In 2016, the median sales tax was $2,698.40. This marks an increase of 1.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.6%.

The following table compares West Lawn 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)
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%
West Elsdon2345-48.9%$165,000$147,00012.2%
Scottsdale373119.4%$165,000$146,00013%

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