From January through December of 2017, there were 574 homes sold, with a median sale price of $85,250 - a 26.3% increase over the $67,500 median sale price for the previous year. There were 554 homes sold in Gresham in 2016.
The median sales tax in Gresham for 2017 was $2,018. In 2016, the median sales tax was $1,961. This marks an increase of 2.9%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.4%.
The following table compares Gresham 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) |
|---|---|---|---|---|---|---|
| East Garfield Park | 189 | 206 | -8.3% | $100,000 | $80,250 | 24.6% |
| Brainerd | 336 | 328 | 2.4% | $100,000 | $71,250 | 40.4% |
| South Shore | 396 | 386 | 2.6% | $98,500 | $71,750 | 37.3% |
| Washington Park | 84 | 81 | 3.7% | $95,000 | $70,000 | 35.7% |
| Calumet Heights | 387 | 327 | 18.3% | $90,000 | $91,000 | -1.1% |
| Gresham | 574 | 554 | 3.6% | $85,250 | $67,500 | 26.3% |
| Burnside | 250 | 219 | 14.2% | $71,500 | $55,000 | 30% |
| Greater Grand Crossing | 387 | 393 | -1.5% | $68,000 | $57,000 | 19.3% |
| Washington Heights | 88 | 69 | 27.5% | $61,000 | $85,000 | -28.2% |
| South Chicago | 272 | 273 | -0.4% | $60,000 | $49,000 | 22.4% |
| Back of the Yards | 228 | 220 | 3.6% | $57,750 | $45,000 | 28.3% |
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