From January through December of 2017, there were 272 homes sold, with a median sale price of $60,000 - a 22.4% increase over the $49,000 median sale price for the previous year. There were 273 homes sold in South Chicago in 2016.
The median sales tax in South Chicago for 2017 was $2,258. In 2016, the median sales tax was $2,204. This marks an increase of 2.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.8%.
The following table compares South Chicago 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) |
|---|---|---|---|---|---|---|
| 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% |
| West Garfield Park | 131 | 95 | 37.9% | $55,000 | $48,500 | 13.4% |
| Roseland/Pullman | 473 | 400 | 18.3% | $55,000 | $40,000 | 37.5% |
| South Deering | 145 | 138 | 5.1% | $40,000 | $29,500 | 35.6% |
| West Pullman | 336 | 293 | 14.7% | $39,750 | $34,000 | 16.9% |
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