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Wednesday, November 20, 2024

West Lawn home prices rise in the second half of 2017

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The median sale price of a home sold in the second half of 2017 in West Lawn, a Chicago neighborhood, rose by $23,000 while total sales decreased by 3.8%, according to BlockShopper.com.

From July through December of 2017, there were 153 homes sold, with a median sale price of $196,000 - a 13.3% increase over the $173,000 median sale price for the same period of the previous year. There were 159 homes sold in West Lawn in the second half of 2016.

The median sales tax in West Lawn for 2017 was $2,729. In 2016, the median sales tax was $2,698. This marks an increase of 1.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.4%.

The following table compares West Lawn to other Chicago neighborhood with similar median sales prices in the second half of 2017:

NeighborhoodJuly - Dec. 2017 Home SalesJuly - Dec. 2016 Home Sales% change (Total Home Sales)July - Dec. 2017 Median Sales PriceJuly - Dec. 2016 Median Sales Price% change (Median Sales Price)
Bronzeville188195-3.6%$219,000$195,50012%
West Rogers Park41236712.3%$216,500$207,5004.3%
Archer Heights6470-8.6%$213,250$185,00015.3%
Edgewater 3913618.3%$210,000$218,000-3.7%
Clearing128134-4.5%$210,000$193,7508.4%
West Lawn153159-3.8%$196,000$173,00013.3%
Rogers Park273278-1.8%$193,500$185,0004.6%
Wrightwood846137.7%$187,500$125,50049.4%
Scottsdale1131120.9%$183,000$171,0007%
West Elsdon7790-14.4%$182,000$171,0006.4%
Forest Glen2333-30.3%$172,000$265,000-35.1%

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