Quantcast

Chicago City Wire

Monday, November 25, 2024

West Elsdon home prices rise in the first quarter of 2017

Realestate1

The median sale price of a home sold in the first quarter of 2017 in West Elsdon, a Chicago neighborhood, rose by $18,000 while total sales decreased by 48.9%, according to BlockShopper.com.

From January through March of 2017, there were 23 homes sold, with a median sale price of $165,000 - a 12.2% increase over the $147,000 median sale price for the same period of the previous year. There were 45 homes sold in West Elsdon in the first quarter of 2016.

The median sales tax in West Elsdon for 2017 was $2,600.97. In 2016, the median sales tax was $2,574.30. This marks an increase of 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 Elsdon 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)
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%
Hyde Park4055-27.3%$155,500$150,0003.7%
Brighton Park3357-42.1%$155,000$143,0008.4%
Canaryville/Fuller Park1520-25%$155,000$95,00063.2%
Woodlawn5459-8.5%$150,750$78,00093.3%

MORE NEWS