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Chicago City Wire

Wednesday, April 24, 2024

Tri-Taylor home prices rise in the second quarter of 2017

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The median sale price of a home sold in the second quarter of 2017 in Tri-Taylor, a Chicago neighborhood, rose by $73,000 while total sales increased by 10%, according to BlockShopper.com.

From April through June of 2017, there were 11 homes sold, with a median sale price of $330,000 - a 28.4% increase over the $257,000 median sale price for the same period of the previous year. There were 10 homes sold in Tri-Taylor in the second quarter of 2016.

The median sales tax in Tri-Taylor for 2017 was $6,243.40. In 2016, the median sales tax was $6,100.30. This marks an increase of 2.3%. 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 Tri-Taylor to other Chicago neighborhood with similar median sales prices in the second quarter of 2017:

NeighborhoodApr. - June 2017 Home SalesApr. - June 2016 Home Sales% change (Total Home Sales)Apr. - June 2017 Median Sales PriceApr. - June 2016 Median Sales Price% change (Median Sales Price)
Gold Coast2952795.7%$350,000$400,000-12.5%
University Village / Little Italy554134.1%$349,000$335,0004.2%
South Loop 2902832.5%$335,000$331,0001.2%
North Park4653-13.2%$333,750$257,00029.9%
West Loop4860-20%$331,500$323,7502.4%
Tri-Taylor111010%$330,000$257,00028.4%
Norwood Park99963.1%$325,000$325,0000%
The Loop3738-2.6%$320,000$319,2500.2%
Forest Glen15150%$320,000$218,00046.8%
Edison Park5355-3.6%$320,000$322,500-0.8%
Near North1351248.9%$318,000$329,000-3.3%

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