In January 2017, there were 38 homes sold, with a median sale price of $215,000 - a 1.4% increase over the $212,000 median sale price for the same period of the previous year. There were 35 homes sold in Belmont/Cragin in January 2016.
The median sales tax in Belmont/Cragin for 2017 was $4,155. In 2016, the median sales tax was $4,018. This marks an increase of 3.4%. 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 Belmont/Cragin to other Chicago neighborhood with similar median sales prices in January 2017:
| Neighborhood | Jan. 2017 Home Sales | Jan. 2016 Home Sales | % change (Total Home Sales) | Jan. 2017 Median Sales Price | Jan. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Old Town | 23 | 17 | 35.3% | $231,500 | $356,000 | -35% |
| The Loop | 7 | 10 | -30% | $230,000 | $186,000 | 23.7% |
| McKinley Park | 8 | 11 | -27.3% | $225,000 | $183,000 | 23% |
| Hermosa | 16 | 20 | -20% | $220,000 | $194,500 | 13.1% |
| Boystown | 25 | 24 | 4.2% | $220,000 | $191,500 | 14.9% |
| Belmont/Cragin | 38 | 35 | 8.6% | $215,000 | $212,000 | 1.4% |
| Mount Greenwood | 14 | 12 | 16.7% | $215,000 | $186,750 | 15.1% |
| Edgewater | 33 | 48 | -31.3% | $195,000 | $262,500 | -25.7% |
| Montclare | 12 | 12 | 0% | $191,750 | $217,500 | -11.8% |
| Bronzeville | 39 | 28 | 39.3% | $190,000 | $140,500 | 35.2% |
| Washington Park | 3 | 10 | -70% | $188,000 | $96,250 | 95.3% |
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