In January 2017, there were 31 homes sold, with a median sale price of $67,000 - a 55.8% increase over the $43,000 median sale price for the same period of the previous year. There were 29 homes sold in Greater Grand Crossing in January 2016.
The median sales tax in Greater Grand Crossing for 2017 was $2,396. In 2016, the median sales tax was $2,299. This marks an increase of 4.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.6%.
The following table compares Greater Grand Crossing 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) |
|---|---|---|---|---|---|---|
| South Chicago | 21 | 22 | -4.5% | $89,000 | $62,000 | 43.5% |
| Lawndale | 20 | 31 | -35.5% | $87,250 | $71,500 | 22% |
| Calumet Heights | 25 | 24 | 4.2% | $86,500 | $100,000 | -13.5% |
| Gresham | 39 | 52 | -25% | $84,500 | $72,000 | 17.4% |
| East Garfield Park | 11 | 17 | -35.3% | $80,000 | $56,000 | 42.9% |
| Greater Grand Crossing | 31 | 29 | 6.9% | $67,000 | $43,000 | 55.8% |
| Burnside | 16 | 18 | -11.1% | $62,500 | $44,750 | 39.7% |
| Brainerd | 24 | 28 | -14.3% | $61,000 | $87,500 | -30.3% |
| Roseland/Pullman | 35 | 27 | 29.6% | $54,000 | $78,000 | -30.8% |
| Back of the Yards | 17 | 10 | 70% | $48,000 | $45,500 | 5.5% |
| West Garfield Park | 9 | 4 | 125% | $33,000 | $35,250 | -6.4% |
Alerts Sign-up