From October through December of 2017, there were 101 homes sold, with a median sale price of $262,000 - a 14.4% increase over the $229,000 median sale price for the same period of the previous year. There were 97 homes sold in Belmont/Cragin in the fourth quarter of 2016.
The median sales tax in Belmont/Cragin for 2017 was $4,154.59. In 2016, the median sales tax was $4,018. This marks an increase of 3.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.6%.
The following table compares Belmont/Cragin to other Chicago neighborhood with similar median sales prices in the fourth quarter of 2017:
| Neighborhood | Oct. - Dec. 2017 Home Sales | Oct. - Dec. 2016 Home Sales | % change (Total Home Sales) | Oct. - Dec. 2017 Median Sales Price | Oct. - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| North Mayfair | 18 | 25 | -28% | $284,500 | $237,500 | 19.8% |
| Oriole Park | 32 | 23 | 39.1% | $284,500 | $240,000 | 18.5% |
| Beverly | 68 | 63 | 7.9% | $282,250 | $265,000 | 6.5% |
| Uptown | 99 | 109 | -9.2% | $282,000 | $287,000 | -1.7% |
| Jefferson Park | 93 | 83 | 12% | $279,000 | $279,000 | 0% |
| Belmont/Cragin | 101 | 97 | 4.1% | $262,000 | $229,000 | 14.4% |
| Chinatown | 7 | 11 | -36.4% | $262,000 | $185,000 | 41.6% |
| Big Oaks | 21 | 22 | -4.5% | $258,000 | $263,000 | -1.9% |
| Kenwood | 25 | 24 | 4.2% | $258,000 | $221,500 | 16.5% |
| Hermosa | 62 | 55 | 12.7% | $257,500 | $238,000 | 8.2% |
| Galewood | 38 | 34 | 11.8% | $255,500 | $251,750 | 1.5% |
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