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Monday, January 27, 2020

Woodlawn home prices rise in the first half of 2017

Real Estate

By Local Labs News Service | Jul 14, 2017

Realestate5

The median sale price of a home sold in the first half of 2017 in Woodlawn, a Chicago neighborhood, rose by $74,500 while total sales decreased by 5.6%, according to BlockShopper.com.

From January through June of 2017, there were 117 homes sold, with a median sale price of $155,000 - a 92.5% increase over the $80,500 median sale price for the same period of the previous year. There were 124 homes sold in Woodlawn in the first half of 2016.

The median sales tax in Woodlawn for 2017 was $2,781. In 2016, the median sales tax was $2,727. This marks an increase of 2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.8%.

The following table compares Woodlawn 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)
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%
Canaryville/Fuller Park
40
42
-4.8%
$141,500
$94,750
49.3%
Wrightwood
55
49
12.2%
$129,000
$175,000
-26.3%
Little Village
123
107
15%
$128,000
$85,000
50.6%
Hegewisch
38
59
-35.6%
$125,000
$93,000
34.4%

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