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Thursday, July 3, 2025

Calumet Heights home prices rise in the third quarter of 2017

Realestate5

The median sale price of a home sold in the third quarter of 2017 in Calumet Heights, a Chicago neighborhood, rose by $6,000 while total sales decreased by 10.9%, according to BlockShopper.com.

From July through September of 2017, there were 82 homes sold, with a median sale price of $91,000 - a 7.1% increase over the $85,000 median sale price for the same period of the previous year. There were 92 homes sold in Calumet Heights in the third quarter of 2016.

The median sales tax in Calumet Heights for 2017 was $2,096.36. In 2016, the median sales tax was $2,076.80. This marks an increase of 0.9%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.3%.

The following table compares Calumet Heights to other Chicago neighborhood with similar median sales prices in the third quarter of 2017:

NeighborhoodJuly - Sept. 2017 Home SalesJuly - Sept. 2016 Home Sales% change (Total Home Sales)July - Sept. 2017 Median Sales PriceJuly - Sept. 2016 Median Sales Price% change (Median Sales Price)
East Garfield Park55550%$100,000$101,000-1%
Gresham1531483.4%$100,000$60,50065.3%
Chicago Lawn352920.7%$95,000$120,000-20.8%
Lawndale1158043.8%$95,000$73,25029.7%
Burnside714847.9%$93,000$44,250110.2%
Calumet Heights 8292-10.9%$91,000$85,0007.1%
Greater Grand Crossing8991-2.2%$71,000$60,00018.3%
South Deering3239-17.9%$66,750$30,000122.5%
Back of the Yards5160-15%$62,000$50,00024%
South Chicago 7082-14.6%$55,750$49,25013.2%
Roseland/Pullman106110-3.6%$54,750$41,00033.5%

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