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Thursday, January 23, 2020

Lawndale home prices rise in the first half of 2017

Real Estate

By Local Labs News Service | Jul 14, 2017

Re 1

The median sale price of a home sold in the first half of 2017 in Lawndale, a Chicago neighborhood, rose by $21,500 while total sales decreased by 9.3%, according to BlockShopper.com.

From January through June of 2017, there were 176 homes sold, with a median sale price of $86,500 - a 33.1% increase over the $65,000 median sale price for the same period of the previous year. There were 194 homes sold in Lawndale in the first half of 2016.

The median sales tax in Lawndale for 2017 was $3,216. In 2016, the median sales tax was $3,092. This marks an increase of 4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.7%.

The following table compares Lawndale 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)
Marquette Park
174
157
10.8%
$100,500
$85,500
17.5%
Brainerd
171
159
7.5%
$100,000
$63,000
58.7%
Chicago Lawn
49
65
-24.6%
$100,000
$84,500
18.3%
East Side
94
96
-2.1%
$94,000
$75,500
24.5%
East Garfield Park
86
91
-5.5%
$93,250
$71,000
31.3%
Lawndale
176
194
-9.3%
$86,500
$65,000
33.1%
South Shore
189
194
-2.6%
$85,000
$66,750
27.3%
Calumet Heights
193
154
25.3%
$84,000
$100,750
-16.6%
Washington Park
36
38
-5.3%
$81,500
$87,000
-6.3%
Gresham
268
276
-2.9%
$75,000
$71,750
4.5%
Washington Heights
43
28
53.6%
$71,000
$87,250
-18.6%

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