From January through December of 2017, there were 237 homes sold, with a median sale price of $125,000 - a 31.6% increase over the $95,000 median sale price for the previous year. There were 217 homes sold in Chatham in 2016.
The median sales tax in Chatham for 2017 was $2,435. In 2016, the median sales tax was $2,372. This marks an increase of 2.7%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.9%.
The following table compares Chatham 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) |
|---|---|---|---|---|---|---|
| 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% |
| Chicago Lawn | 113 | 133 | -15% | $130,000 | $90,000 | 44.4% |
| Austin | 645 | 560 | 15.2% | $129,000 | $85,000 | 51.8% |
| Chatham | 237 | 217 | 9.2% | $125,000 | $95,000 | 31.6% |
| Hegewisch | 88 | 113 | -22.1% | $122,500 | $99,000 | 23.7% |
| West Hometown | 58 | 51 | 13.7% | $116,500 | $100,000 | 16.5% |
| Marquette Park | 348 | 295 | 18% | $115,750 | $100,000 | 15.8% |
| Oakland | 75 | 62 | 21% | $115,000 | $108,750 | 5.7% |
| Lawndale | 406 | 363 | 11.8% | $109,750 | $68,000 | 61.4% |
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