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Monday, November 25, 2024

Clearing home prices rise in February 2017

Re 13

The median sale price of a home sold in February 2017 in Clearing, a Chicago neighborhood, rose by $49,750 while total sales decreased by 7.1%, according to BlockShopper.com.

In February 2017, there were 13 homes sold, with a median sale price of $209,000 - a 31.2% increase over the $159,250 median sale price for the same period of the previous year. There were 14 homes sold in Clearing in February 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 1.4%.

The following table compares Clearing 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)
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%
Buena Park1017-41.2%$196,000$195,5000.3%

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