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Chicago City Wire

Monday, November 25, 2024

West Rogers Park home prices fall in February 2017

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The median sale price of a home sold in February 2017 in West Rogers Park, a Chicago neighborhood, fell by $80,000 while total sales increased by 62.5%, according to BlockShopper.com.

In February 2017, there were 52 homes sold, with a median sale price of $212,500 - a 27.4% decrease over the $292,500 median sale price for the same period of the previous year. There were 32 homes sold in West Rogers Park in February 2016.

The median sales tax in West Rogers Park for 2017 was $4,181. In 2016, the median sales tax was $4,119. This marks an increase of 1.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2%.

The following table compares West Rogers Park to other Chicago neighborhood with similar median sales prices in February 2017:

NeighborhoodFeb. 2017 Home SalesFeb. 2016 Home Sales% change (Total Home Sales)Feb. 2017 Median Sales PriceFeb. 2016 Median Sales Price% change (Median Sales Price)
Edgewater 3738-2.6%$232,000$226,5002.4%
Hyde Park921-57.1%$225,000$156,00044.2%
Beverly 1215-20%$222,000$255,000-12.9%
Morgan Park 916-43.8%$218,500$125,00074.8%
Heart of Chicago84100%$214,500$247,500-13.3%
West Rogers Park523262.5%$212,500$292,500-27.4%
Clearing1314-7.1%$209,000$159,25031.2%
Mount Greenwood1113-15.4%$207,000$230,000-10%
Dunning403611.1%$197,750$213,500-7.4%
Ashburn 1113-15.4%$197,500$116,00070.3%
Bronzeville272128.6%$196,000$170,00015.3%

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