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Monday, January 27, 2020

Wrightwood home prices rise in the second half of 2017

Real Estate

By Local Labs News Service | Jan 14, 2018

Re 12

The median sale price of a home sold in the second half of 2017 in Wrightwood, a Chicago neighborhood, rose by $62,000 while total sales increased by 37.7%, according to BlockShopper.com.

From July through December of 2017, there were 84 homes sold, with a median sale price of $187,500 - a 49.4% increase over the $125,500 median sale price for the same period of the previous year. There were 61 homes sold in Wrightwood in the second half of 2016.

The median sales tax in Wrightwood for 2017 was $2,391. In 2016, the median sales tax was $2,385. This marks an increase of 0.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.3%.

The following table compares Wrightwood 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)
Archer Heights
64
70
-8.6%
$213,250
$185,000
15.3%
Edgewater
391
361
8.3%
$210,000
$218,000
-3.7%
Clearing
128
134
-4.5%
$210,000
$193,750
8.4%
West Lawn
153
159
-3.8%
$196,000
$173,000
13.3%
Rogers Park
273
278
-1.8%
$193,500
$185,000
4.6%
Wrightwood
84
61
37.7%
$187,500
$125,500
49.4%
Scottsdale
113
112
0.9%
$183,000
$171,000
7%
West Elsdon
77
90
-14.4%
$182,000
$171,000
6.4%
Forest Glen
23
33
-30.3%
$172,000
$265,000
-35.1%
Brighton Park
110
130
-15.4%
$171,500
$160,000
7.2%
Ashburn
120
125
-4%
$162,500
$142,000
14.4%

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