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Wednesday, November 20, 2024

Brighton Park 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 Brighton Park, a Chicago neighborhood, rose by $11,500 while total sales decreased by 15.4%, according to BlockShopper.com.

From July through December of 2017, there were 110 homes sold, with a median sale price of $171,500 - a 7.2% increase over the $160,000 median sale price for the same period of the previous year. There were 130 homes sold in Brighton Park in the second half of 2016.

The median sales tax in Brighton Park for 2017 was $2,996. In 2016, the median sales tax was $2,931. This marks an increase of 2.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.7%.

The following table compares Brighton Park 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)
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%
Brighton Park110130-15.4%$171,500$160,0007.2%
Ashburn 120125-4%$162,500$142,00014.4%
Morgan Park 1301272.4%$159,500$149,0007%
Gage Park8399-16.2%$150,000$126,00019%
Chatham1131075.6%$150,000$108,00038.9%
Woodlawn118121-2.5%$140,500$99,00041.9%

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