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Monday, January 27, 2020

Buena Park home prices rise in the second half of 2017

Real Estate

By Local Labs News Service | Jan 14, 2018

Re 13

The median sale price of a home sold in the second half of 2017 in Buena Park, a Chicago neighborhood, rose by $11,250 while total sales decreased by 19.5%, according to BlockShopper.com.

From July through December of 2017, there were 124 homes sold, with a median sale price of $231,250 - a 5.1% increase over the $220,000 median sale price for the same period of the previous year. There were 154 homes sold in Buena Park in the second half of 2016.

The median sales tax in Buena Park for 2017 was $2,778. In 2016, the median sales tax was $2,656. This marks an increase of 4.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.2%.

The following table compares Buena Park 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)
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%
Montclare
90
78
15.4%
$237,000
$235,000
0.9%
Tri-Taylor
22
22
0%
$232,750
$342,500
-32%
Buena Park
124
154
-19.5%
$231,250
$220,000
5.1%
Hyde Park
158
169
-6.5%
$225,750
$194,000
16.4%
McKinley Park
51
59
-13.6%
$225,000
$200,000
12.5%
Garfield Ridge
274
248
10.5%
$223,500
$215,000
4%
Bronzeville
188
195
-3.6%
$219,000
$195,500
12%
West Rogers Park
412
367
12.3%
$216,500
$207,500
4.3%

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