From January through June of 2017, there were 43 homes sold, with a median sale price of $71,000 - a 18.6% decrease over the $87,250 median sale price for the same period of the previous year. There were 28 homes sold in Washington Heights in the first half of 2016.
The median sales tax in Washington Heights for 2017 was $1,800. In 2016, the median sales tax was $1,800, as well. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.5%.
The following table compares Washington Heights 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) |
|---|---|---|---|---|---|---|
| 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% |
| Greater Grand Crossing | 198 | 201 | -1.5% | $70,000 | $47,500 | 47.4% |
| Burnside | 109 | 117 | -6.8% | $63,000 | $57,000 | 10.5% |
| South Chicago | 125 | 124 | 0.8% | $60,000 | $52,750 | 13.7% |
| Back of the Yards | 107 | 102 | 4.9% | $51,000 | $40,000 | 27.5% |
| Roseland/Pullman | 232 | 198 | 17.2% | $48,250 | $36,000 | 34% |
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