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Monday, January 27, 2020

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

Real Estate

By Local Labs News Service | Jul 14, 2017

Re 4

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:

Neighborhood
Jan. - June 2017 Home Sales
Jan. - June 2016 Home Sales
% change (Total Home Sales)
Jan. - June 2017 Median Sales Price
Jan. - June 2016 Median Sales Price
% change (Median Sales Price)
Montclare
79
74
6.8%
$230,000
$202,000
13.9%
Heart of Chicago
47
31
51.6%
$229,000
$200,000
14.5%
Edgewater
349
344
1.5%
$225,000
$205,000
9.8%
Mount Greenwood
124
115
7.8%
$224,500
$210,000
6.9%
Galewood
72
65
10.8%
$220,500
$216,000
2.1%
Tri-Taylor
13
15
-13.3%
$220,500
$280,000
-21.3%
West Rogers Park
398
352
13.1%
$215,000
$197,500
8.9%
Hyde Park
126
120
5%
$213,750
$179,000
19.4%
Garfield Ridge
216
206
4.9%
$204,500
$197,750
3.4%
Bronzeville
224
175
28%
$200,250
$170,000
17.8%
Clearing
135
115
17.4%
$197,000
$198,000
-0.5%

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