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Monday, January 27, 2020

Burnside home prices rise in the first half of 2017

Real Estate

By Local Labs News Service | Jul 14, 2017

Re 4

The median sale price of a home sold in the first half of 2017 in Burnside, a Chicago neighborhood, rose by $6,000 while total sales decreased by 6.8%, according to BlockShopper.com.

From January through June of 2017, there were 109 homes sold, with a median sale price of $63,000 - a 10.5% increase over the $57,000 median sale price for the same period of the previous year. There were 117 homes sold in Burnside in the first half of 2016.

The median sales tax in Burnside for 2017 was $2,036. In 2016, the median sales tax was $1,957. 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 3.2%.

The following table compares Burnside 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)
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%
West Garfield Park
63
40
57.5%
$47,000
$35,000
34.3%
West Pullman
162
166
-2.4%
$36,500
$33,500
9%

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