From January through December of 2017, there were 244 homes sold, with a median sale price of $160,500 - a 15.7% increase over the $138,750 median sale price for the previous year. There were 234 homes sold in Morgan Park in 2016.
The median sales tax in Morgan Park for 2017 was $2,737. In 2016, the median sales tax was $2,677. 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 1.7%.
The following table compares Morgan Park 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) |
|---|---|---|---|---|---|---|
| Wrightwood | 139 | 110 | 26.4% | $176,000 | $145,000 | 21.4% |
| West Elsdon | 134 | 174 | -23% | $175,000 | $165,000 | 6.1% |
| Forest Glen | 45 | 55 | -18.2% | $172,000 | $265,000 | -35.1% |
| Brighton Park | 205 | 233 | -12% | $170,000 | $150,000 | 13.3% |
| Ashburn | 225 | 225 | 0% | $165,000 | $137,500 | 20% |
| Morgan Park | 244 | 234 | 4.3% | $160,500 | $138,750 | 15.7% |
| Gage Park | 165 | 184 | -10.3% | $152,000 | $118,500 | 28.3% |
| Woodlawn | 235 | 245 | -4.1% | $146,500 | $90,000 | 62.8% |
| Canaryville/Fuller Park | 93 | 91 | 2.2% | $135,000 | $118,000 | 14.4% |
| Little Village | 279 | 243 | 14.8% | $132,000 | $90,000 | 46.7% |
| East Merrionette Park | 30 | 37 | -18.9% | $131,500 | $105,000 | 25.2% |
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