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Chicago City Wire

Friday, September 27, 2024

Wrightwood home prices fall in January 2017

Realestate3

The median sale price of a home sold in January 2017 in Wrightwood, a Chicago neighborhood, fell by $53,000 while total sales increased by 42.9%, according to BlockShopper.com.

In January 2017, there were 10 homes sold, with a median sale price of $122,000 - a 30.3% decrease over the $175,000 median sale price for the same period of the previous year. There were seven homes sold in Wrightwood in January 2016.

The median sales tax in Wrightwood for 2017 was $2,391. In 2016, the median sales tax was $2,385. This marks an increase of 0.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2%.

The following table compares Wrightwood 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)
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%
Woodlawn181338.5%$143,250$55,000160.5%
Tri-Taylor12-50%$143,000$429,000-66.7%
Wrightwood10742.9%$122,000$175,000-30.3%
Forest Glen15-80%$120,000$115,0004.3%
West Hometown35-40%$120,000$100,00020%
Washington Heights47-42.9%$113,000$85,00032.9%
Little Village242020%$112,500$115,750-2.8%
Chatham1421-33.3%$106,250$147,500-28%

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