From January through December of 2017, there were 348 homes sold, with a median sale price of $115,750 - a 15.8% increase over the $100,000 median sale price for the previous year. There were 295 homes sold in Marquette Park in 2016.
The median sales tax in Marquette Park for 2017 was $2,218. In 2016, the median sales tax was $2,198. This marks an increase of 0.9%. 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 Marquette 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) |
|---|---|---|---|---|---|---|
| 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% |
| East Side | 198 | 197 | 0.5% | $107,000 | $80,000 | 33.8% |
| East Garfield Park | 189 | 206 | -8.3% | $100,000 | $80,250 | 24.6% |
| Brainerd | 336 | 328 | 2.4% | $100,000 | $71,250 | 40.4% |
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