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Friday, May 10, 2024

Tri-Taylor home prices fall in the first half of 2017

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The median sale price of a home sold in the first half of 2017 in Tri-Taylor, a Chicago neighborhood, fell by $59,500 while total sales decreased by 13.3%, according to BlockShopper.com.

From January through June of 2017, there were 13 homes sold, with a median sale price of $220,500 - a 21.3% decrease over the $280,000 median sale price for the same period of the previous year. There were 15 homes sold in Tri-Taylor in the first half of 2016.

The median sales tax in Tri-Taylor for 2017 was $6,243. In 2016, the median sales tax was $6,100. This marks an increase of 2.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.8%.

The following table compares Tri-Taylor to other Chicago neighborhood with similar median sales prices in the first half of 2017:

NeighborhoodJan. - June 2017 Home SalesJan. - June 2016 Home Sales% change (Total Home Sales)Jan. - June 2017 Median Sales PriceJan. - June 2016 Median Sales Price% change (Median Sales Price)
Montclare79746.8%$230,000$202,00013.9%
Heart of Chicago473151.6%$229,000$200,00014.5%
Edgewater 3493441.5%$225,000$205,0009.8%
Mount Greenwood1241157.8%$224,500$210,0006.9%
Galewood726510.8%$220,500$216,0002.1%
Tri-Taylor1315-13.3%$220,500$280,000-21.3%
West Rogers Park39835213.1%$215,000$197,5008.9%
Hyde Park1261205%$213,750$179,00019.4%
Garfield Ridge2162064.9%$204,500$197,7503.4%
Bronzeville22417528%$200,250$170,00017.8%
Clearing13511517.4%$197,000$198,000-0.5%

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