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Chicago City Wire

Friday, April 19, 2024

West Elsdon home prices rise 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 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:

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)
Scottsdale99945.3%$184,000$157,50016.8%
West Lawn1721663.6%$180,000$169,5006.2%
McKinley Park4750-6%$180,000$185,500-3%
Forest Glen22220%$177,500$246,500-28%
Rogers Park29724521.2%$173,500$175,000-0.9%
West Elsdon5784-32.1%$173,000$160,0008.1%
Brighton Park95103-7.8%$170,000$140,00021.4%
Ashburn 1051005%$166,000$127,25030.5%
Morgan Park 1141076.5%$160,500$125,00028.4%
Woodlawn117124-5.6%$155,000$80,50092.5%
Gage Park8285-3.5%$153,500$93,00065.1%

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