From July through December of 2017, there were six homes sold, with a median sale price of $42,500 - a 286.4% increase over the $11,000 median sale price for the same period of the previous year. There were seven homes sold in Riverdale/Altgeld Gardens in the second half of 2016.
The median sales tax in Riverdale/Altgeld Gardens for 2017 was $1,146. In 2016, the median sales tax was $1,066. This marks an increase of 7.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.7%.
The following table compares Riverdale/Altgeld Gardens 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) |
|---|---|---|---|---|---|---|
| Back of the Yards | 121 | 118 | 2.5% | $65,000 | $47,500 | 36.8% |
| South Chicago | 147 | 149 | -1.3% | $60,000 | $46,500 | 29% |
| West Garfield Park | 68 | 55 | 23.6% | $59,500 | $73,000 | -18.5% |
| Roseland/Pullman | 241 | 202 | 19.3% | $58,000 | $43,000 | 34.9% |
| Washington Heights | 45 | 41 | 9.8% | $57,000 | $85,000 | -32.9% |
| South Deering | 72 | 68 | 5.9% | $54,250 | $30,000 | 80.8% |
| West Pullman | 174 | 127 | 37% | $42,750 | $35,000 | 22.1% |
| Riverdale/Altgeld Gardens | 6 | 7 | -14.3% | $42,500 | $11,000 | 286.4% |
| West Englewood | 148 | 107 | 38.3% | $30,000 | $29,000 | 3.4% |
| Englewood | 215 | 158 | 36.1% | $30,000 | $25,000 | 20% |
| East Chicago Heights | 2 | 7 | -71.4% | $20,500 | $30,000 | -31.7% |
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