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Sunday, November 24, 2024

Brighton 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 Brighton Park, a Chicago neighborhood, rose by $12,000 while total sales decreased by 42.1%, according to BlockShopper.com.

From January through March of 2017, there were 33 homes sold, with a median sale price of $155,000 - a 8.4% increase over the $143,000 median sale price for the same period of the previous year. There were 57 homes sold in Brighton Park in the first quarter of 2016.

The median sales tax in Brighton Park for 2017 was $2,996.42. In 2016, the median sales tax was $2,930.70. This marks an increase of 2.2%. 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 Brighton 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)
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%
Gage Park444010%$147,500$120,00022.9%
Morgan Park 52504%$137,500$147,500-6.8%
Hegewisch1527-44.4%$127,000$89,00042.7%

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