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Chicago City Wire

Monday, November 25, 2024

Roseland/Pullman 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 Roseland/Pullman, a Chicago neighborhood, rose by $9,500 while total sales increased by 15.7%, according to BlockShopper.com.

From January through March of 2017, there were 103 homes sold, with a median sale price of $45,000 - a 26.8% increase over the $35,500 median sale price for the same period of the previous year. There were 89 homes sold in Roseland/Pullman in the first quarter of 2016.

The median sales tax in Roseland/Pullman for 2017 was $1,775.93. In 2016, the median sales tax was $1,744.80. This marks an increase of 1.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.9%.

The following table compares Roseland/Pullman 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)
Greater Grand Crossing978218.3%$65,000$52,50023.8%
Burnside5158-12.1%$65,000$45,50042.9%
Washington Heights1316-18.8%$60,000$75,000-20%
South Chicago 63621.6%$52,500$37,50040%
Back of the Yards645223.1%$49,000$33,50046.3%
Roseland/Pullman1038915.7%$45,000$35,50026.8%
West Garfield Park301687.5%$42,750$35,25021.3%
West Pullman78754%$40,000$33,00021.2%
Riverdale/Altgeld Gardens13-66.7%$35,000$2,5001300%
South Deering3039-23.1%$29,250$26,50010.4%
Englewood90891.1%$28,000$25,00012%

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