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Tuesday, February 18, 2020

Calumet Heights home prices rise in the third quarter of 2017

Real Estate

By Local Labs News Service | Oct 14, 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:

Neighborhood
July - Sept. 2017 Home Sales
July - Sept. 2016 Home Sales
% change (Total Home Sales)
July - Sept. 2017 Median Sales Price
July - Sept. 2016 Median Sales Price
% change (Median Sales Price)
East Garfield Park
55
55
0%
$100,000
$101,000
-1%
Gresham
153
148
3.4%
$100,000
$60,500
65.3%
Chicago Lawn
35
29
20.7%
$95,000
$120,000
-20.8%
Lawndale
115
80
43.8%
$95,000
$73,250
29.7%
Burnside
71
48
47.9%
$93,000
$44,250
110.2%
Calumet Heights
82
92
-10.9%
$91,000
$85,000
7.1%
Greater Grand Crossing
89
91
-2.2%
$71,000
$60,000
18.3%
South Deering
32
39
-17.9%
$66,750
$30,000
122.5%
Back of the Yards
51
60
-15%
$62,000
$50,000
24%
South Chicago
70
82
-14.6%
$55,750
$49,250
13.2%
Roseland/Pullman
106
110
-3.6%
$54,750
$41,000
33.5%

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