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Monday, November 25, 2024

Wrightwood home prices fall in the first quarter of 2017

Realestate5

The median sale price of a home sold in the first quarter of 2017 in Wrightwood, a Chicago neighborhood, fell by $21,500 while total sales increased by 63.2%, according to BlockShopper.com.

From January through March of 2017, there were 31 homes sold, with a median sale price of $112,500 - a 16% decrease over the $134,000 median sale price for the same period of the previous year. There were 19 homes sold in Wrightwood in the first quarter of 2016.

The median sales tax in Wrightwood for 2017 was $2,390.93. In 2016, the median sales tax was $2,384.80. This marks an increase of 0.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.1%.

The following table compares Wrightwood 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)
Gage Park444010%$147,500$120,00022.9%
Morgan Park 52504%$137,500$147,500-6.8%
Hegewisch1527-44.4%$127,000$89,00042.7%
Little Village625414.8%$125,000$91,00037.4%
Forest Glen770%$120,000$275,000-56.4%
Wrightwood311963.2%$112,500$134,000-16%
Oakland211631.3%$110,000$106,5003.3%
Washington Park1722-22.7%$110,000$72,50051.7%
Chatham615022%$105,500$87,50020.6%
Austin 1401344.5%$105,500$83,75026%
West Hometown812-33.3%$104,000$92,00013%

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