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Wednesday, November 20, 2024

East Side home prices rise in the fourth quarter of 2017

Realestate5

The median sale price of a home sold in the fourth quarter of 2017 in East Side, a Chicago neighborhood, rose by $20,000 while total sales increased by 15.9%, according to BlockShopper.com.

From October through December of 2017, there were 51 homes sold, with a median sale price of $125,000 - a 19% increase over the $105,000 median sale price for the same period of the previous year. There were 44 homes sold in East Side in the fourth quarter of 2016.

The median sales tax in East Side for 2017 was $1,832.22. In 2016, the median sales tax was $1,852.70. This marks an decrease of 1.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.5%.

The following table compares East Side to other Chicago neighborhood with similar median sales prices in the fourth quarter of 2017:

NeighborhoodOct. - Dec. 2017 Home SalesOct. - Dec. 2016 Home Sales% change (Total Home Sales)Oct. - Dec. 2017 Median Sales PriceOct. - Dec. 2016 Median Sales Price% change (Median Sales Price)
East Garfield Park4860-20%$131,250$79,75064.6%
Calumet Heights 1128138.3%$131,000$115,00013.9%
Forest Glen111010%$130,000$283,250-54.1%
Canaryville/Fuller Park281947.4%$127,000$118,0007.6%
Marquette Park986942%$126,000$100,00026%
East Side514415.9%$125,000$105,00019%
West Garfield Park382740.7%$119,500$50,000139%
Hegewisch2324-4.2%$117,000$104,50012%
West Hometown141216.7%$107,500$86,00025%
Washington Park26248.3%$100,000$65,00053.8%
South Shore11410112.9%$98,000$75,00030.7%

ORGANIZATIONS IN THIS STORY

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