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Saturday, January 18, 2020

Clearing home prices fall in the first half of 2017

Real Estate

By Local Labs News Service | Jul 14, 2017

Re 6

The median sale price of a home sold in the first half of 2017 in Clearing, a Chicago neighborhood, fell by $1,000 while total sales increased by 17.4%, according to BlockShopper.com.

From January through June of 2017, there were 135 homes sold, with a median sale price of $197,000 - a 0.5% decrease over the $198,000 median sale price for the same period of the previous year. There were 115 homes sold in Clearing in the first half of 2016.

The median sales tax in Clearing for 2017 was $3,024. In 2016, the median sales tax was $2,969. This marks an increase of 1.9%. 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 Clearing 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)
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%
Archer Heights
47
57
-17.5%
$188,000
$175,000
7.4%
Scottsdale
99
94
5.3%
$184,000
$157,500
16.8%
West Lawn
172
166
3.6%
$180,000
$169,500
6.2%
McKinley Park
47
50
-6%
$180,000
$185,500
-3%
Forest Glen
22
22
0%
$177,500
$246,500
-28%

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