From October through December of 2017, there were 100 homes sold, with a median sale price of $65,000 - a 13.3% decrease over the $75,000 median sale price for the same period of the previous year. There were 101 homes sold in Greater Grand Crossing in the fourth quarter of 2016.
The median sales tax in Greater Grand Crossing for 2017 was $2,396.48. In 2016, the median sales tax was $2,299.10. This marks an increase of 4.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.7%.
The following table compares Greater Grand Crossing 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) |
|---|---|---|---|---|---|---|
| South Shore | 114 | 101 | 12.9% | $98,000 | $75,000 | 30.7% |
| Gresham | 153 | 130 | 17.7% | $92,000 | $70,750 | 30% |
| Brainerd | 69 | 79 | -12.7% | $75,000 | $67,000 | 11.9% |
| South Chicago | 77 | 67 | 14.9% | $70,000 | $46,500 | 50.5% |
| Burnside | 70 | 54 | 29.6% | $69,750 | $77,000 | -9.4% |
| Greater Grand Crossing | 100 | 101 | -1% | $65,000 | $75,000 | -13.3% |
| Back of the Yards | 70 | 58 | 20.7% | $65,000 | $47,250 | 37.6% |
| Roseland/Pullman | 135 | 92 | 46.7% | $60,000 | $46,500 | 29% |
| Washington Heights | 28 | 20 | 40% | $59,000 | $85,500 | -31% |
| Riverdale/Altgeld Gardens | 5 | 4 | 25% | $55,000 | $11,750 | 368.1% |
| South Deering | 40 | 29 | 37.9% | $45,000 | $28,000 | 60.7% |
Alerts Sign-up