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Wednesday, April 24, 2024

West Pullman home prices fall in January 2017

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The median sale price of a home sold in January 2017 in West Pullman, a Chicago neighborhood, fell by $9,250 while total sales increased by 13.3%, according to BlockShopper.com.

In January 2017, there were 34 homes sold, with a median sale price of $29,250 - a 24% decrease over the $38,500 median sale price for the same period of the previous year. There were 30 homes sold in West Pullman in January 2016.

The median sales tax in West Pullman for 2017 was $1,612. In 2016, the median sales tax was $1,592. This marks an increase of 1.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 5.5%.

The following table compares West Pullman 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)
Greater Grand Crossing31296.9%$67,000$43,00055.8%
Burnside1618-11.1%$62,500$44,75039.7%
Brainerd2428-14.3%$61,000$87,500-30.3%
Roseland/Pullman352729.6%$54,000$78,000-30.8%
Back of the Yards171070%$48,000$45,5005.5%
West Garfield Park94125%$33,000$35,250-6.4%
Englewood2630-13.3%$32,500$39,000-16.7%
West Pullman343013.3%$29,250$38,500-24%
South Deering713-46.2%$27,000$24,00012.5%
West Englewood16156.7%$25,000$27,500-9.1%
East Chicago Heights 24-50%$8,500$19,000-55.3%

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