From July through December of 2017, there were 225 homes sold, with a median sale price of $255,000 - a 7.9% increase over the $236,250 median sale price for the same period of the previous year. There were 220 homes sold in Belmont/Cragin in the second half of 2016.
The median sales tax in Belmont/Cragin for 2017 was $4,155. In 2016, the median sales tax was $4,018. This marks an increase of 3.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.6%.
The following table compares Belmont/Cragin to other Chicago neighborhood with similar median sales prices in the second half of 2017:
| Neighborhood | July - Dec. 2017 Home Sales | July - Dec. 2016 Home Sales | % change (Total Home Sales) | July - Dec. 2017 Median Sales Price | July - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Uptown | 240 | 271 | -11.4% | $268,000 | $265,000 | 1.1% |
| O'Hare | 56 | 61 | -8.2% | $262,500 | $235,000 | 11.7% |
| Union Ridge | 53 | 47 | 12.8% | $262,000 | $270,000 | -3% |
| Oriole Park | 62 | 57 | 8.8% | $259,500 | $245,000 | 5.9% |
| Hermosa | 113 | 115 | -1.7% | $255,000 | $229,000 | 11.4% |
| Belmont/Cragin | 225 | 220 | 2.3% | $255,000 | $236,250 | 7.9% |
| Boystown | 247 | 219 | 12.8% | $252,500 | $253,500 | -0.4% |
| Galewood | 88 | 81 | 8.6% | $251,250 | $245,000 | 2.6% |
| Dunning | 352 | 337 | 4.5% | $250,000 | $240,000 | 4.2% |
| Humboldt Park | 249 | 291 | -14.4% | $250,000 | $275,000 | -9.1% |
| Mount Greenwood | 129 | 157 | -17.8% | $240,000 | $212,000 | 13.2% |
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