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Friday, September 27, 2024

Clearing home prices fall in January 2017

Re 8

The median sale price of a home sold in January 2017 in Clearing, a Chicago neighborhood, fell by $38,750 while total sales increased by 45%, according to BlockShopper.com.

In January 2017, there were 29 homes sold, with a median sale price of $165,000 - a 19% decrease over the $203,750 median sale price for the same period of the previous year. There were 20 homes sold in Clearing in January 2016.

The median sales tax in Clearing for 2017 was $3,024. In 2016, the median sales tax was $2,969. This marks an increase of 1.9%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.8%.

The following table compares Clearing 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)
Archer Heights910-10%$180,000$177,5001.4%
Ashburn 198137.5%$177,000$104,152.5069.9%
Rogers Park3142-26.2%$175,000$130,00034.6%
Oakland7475%$174,000$178,750-2.7%
Canaryville/Fuller Park6520%$169,000$253,000-33.2%
Clearing292045%$165,000$203,750-19%
Brighton Park1626-38.5%$162,500$122,50032.7%
Gage Park18175.9%$161,250$125,00029%
West Elsdon920-55%$155,000$147,5005.1%
West Lawn2839-28.2%$152,500$165,000-7.6%
Hyde Park1725-32%$150,000$150,0000%

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