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Chicago City Wire

Wednesday, November 20, 2024

Archer Heights home prices rise in 2017

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The median sale price of a home sold in 2017 in Archer Heights, a Chicago neighborhood, rose by $28,000 while total sales decreased by 12.6%, according to BlockShopper.com.

From January through December of 2017, there were 111 homes sold, with a median sale price of $208,000 - a 15.6% increase over the $180,000 median sale price for the previous year. There were 127 homes sold in Archer Heights in 2016.

The median sales tax in Archer Heights for 2017 was $2,920. In 2016, the median sales tax was $2,856. This marks an increase of 2.2%. 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 Archer Heights to other Chicago neighborhood with similar median sales prices in 2017:

NeighborhoodJan. - Dec. 2017 Home SalesJan. - Dec. 2016 Home Sales% change (Total Home Sales)Jan. - Dec. 2017 Median Sales PriceJan. - Dec. 2016 Median Sales Price% change (Median Sales Price)
West Rogers Park81071912.7%$215,500$206,0004.6%
Garfield Ridge4904547.9%$215,000$203,5005.7%
Edgewater 7407055%$215,000$215,0000%
Bronzeville41237011.4%$214,000$189,50012.9%
McKinley Park98109-10.1%$213,750$200,0006.9%
Archer Heights111127-12.6%$208,000$180,00015.6%
Clearing2632495.6%$205,000$195,0005.1%
West Lawn3253250%$185,000$170,0008.8%
Scottsdale2122062.9%$183,500$165,00011.2%
Rogers Park5705239%$181,500$180,0000.8%
Wrightwood13911026.4%$176,000$145,00021.4%

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