From January through December of 2017, there were 89 homes sold, with a median sale price of $265,000 - a 17.6% increase over the $225,250 median sale price for the previous year. There were 76 homes sold in Heart of Chicago in 2016.
The median sales tax in Heart of Chicago for 2017 was $4,428. In 2016, the median sales tax was $4,230. This marks an increase of 4.7%. 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 Heart of Chicago to other Chicago neighborhood with similar median sales prices in 2017:
| Neighborhood | Jan. - Dec. 2017 Home Sales | Jan. - Dec. 2016 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2017 Median Sales Price | Jan. - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Big Oaks | 97 | 82 | 18.3% | $281,000 | $274,000 | 2.6% |
| Beverly | 282 | 235 | 20% | $274,500 | $269,500 | 1.9% |
| Chinatown | 40 | 35 | 14.3% | $274,000 | $225,000 | 21.8% |
| O'Hare | 122 | 120 | 1.7% | $274,000 | $230,000 | 19.1% |
| Union Ridge | 84 | 85 | -1.2% | $270,000 | $265,000 | 1.9% |
| Heart of Chicago | 89 | 76 | 17.1% | $265,000 | $225,250 | 17.6% |
| Oriole Park | 118 | 112 | 5.4% | $260,000 | $234,500 | 10.9% |
| Humboldt Park | 535 | 569 | -6% | $255,000 | $258,000 | -1.2% |
| Uptown | 492 | 499 | -1.4% | $252,000 | $265,000 | -4.9% |
| Hermosa | 216 | 233 | -7.3% | $250,000 | $220,000 | 13.6% |
| Belmont/Cragin | 453 | 438 | 3.4% | $250,000 | $225,000 | 11.1% |
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