From October through December of 2017, there were 28 homes sold, with a median sale price of $59,000 - a 31% decrease over the $85,500 median sale price for the same period of the previous year. There were 20 homes sold in Washington Heights in the fourth quarter of 2016.
The median sales tax in Washington Heights for 2017 was $1,800.18. In 2016, the median sales tax was $1,799.80. This marks an increase of 0%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.1%.
The following table compares Washington Heights 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 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% |
| West Pullman | 81 | 62 | 30.6% | $36,500 | $35,750 | 2.1% |
| West Englewood | 74 | 53 | 39.6% | $30,000 | $27,000 | 11.1% |
| Englewood | 110 | 80 | 37.5% | $30,000 | $27,750 | 8.1% |
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