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Chicago City Wire

Wednesday, April 24, 2024

Jefferson Park home prices rise in January 2017

Realestate077

The median sale price of a home sold in January 2017 in Jefferson Park, a Chicago neighborhood, rose by $101,000 while total sales increased by 71.4%, according to BlockShopper.com.

In January 2017, there were 24 homes sold, with a median sale price of $336,000 - a 43% increase over the $235,000 median sale price for the same period of the previous year. There were 14 homes sold in Jefferson Park in January 2016.

The median sales tax in Jefferson Park for 2017 was $4,679. In 2016, the median sales tax was $4,530. This marks an increase of 3.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.4%.

The following table compares Jefferson Park to other Chicago neighborhood with similar median sales prices in January 2017:

NeighborhoodJan. 2017 Home SalesJan. 2016 Home Sales% change (Total Home Sales)Jan. 2017 Median Sales PriceJan. 2016 Median Sales Price% change (Median Sales Price)
River West6450%$354,000$365,000-3%
Near West Side18180%$345,000$280,50023%
Logan Square756417.2%$340,000$342,500-0.7%
Irving Park 2936-19.4%$337,000$279,50020.6%
Greektown31200%$336,000$360,000-6.7%
Jefferson Park241471.4%$336,000$235,00043%
Albany Park3233-3%$328,750$256,00028.4%
River North2425-4%$327,250$419,000-21.9%
North Park1113-15.4%$325,000$190,00071.1%
Gold Coast5465-16.9%$323,750$379,000-14.6%
South Loop 5761-6.6%$320,000$325,000-1.5%

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