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Monday, January 27, 2020

West Elsdon home prices rise in the first half of 2017

Real Estate

By Local Labs News Service | Jul 14, 2017

Re 13

The median sale price of a home sold in the first half of 2017 in West Elsdon, a Chicago neighborhood, rose by $13,000 while total sales decreased by 32.1%, according to BlockShopper.com.

From January through June of 2017, there were 57 homes sold, with a median sale price of $173,000 - a 8.1% increase over the $160,000 median sale price for the same period of the previous year. There were 84 homes sold in West Elsdon in the first half of 2016.

The median sales tax in West Elsdon for 2017 was $2,601. In 2016, the median sales tax was $2,574. This marks an increase of 1%. 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 West Elsdon 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)
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%
Rogers Park
297
245
21.2%
$173,500
$175,000
-0.9%
West Elsdon
57
84
-32.1%
$173,000
$160,000
8.1%
Brighton Park
95
103
-7.8%
$170,000
$140,000
21.4%
Ashburn
105
100
5%
$166,000
$127,250
30.5%
Morgan Park
114
107
6.5%
$160,500
$125,000
28.4%
Woodlawn
117
124
-5.6%
$155,000
$80,500
92.5%
Gage Park
82
85
-3.5%
$153,500
$93,000
65.1%

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