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Chicago City Wire

Monday, November 25, 2024

Mount Greenwood home prices fall in February 2017

Realestate2

The median sale price of a home sold in February 2017 in Mount Greenwood, a Chicago neighborhood, fell by $23,000 while total sales decreased by 15.4%, according to BlockShopper.com.

In February 2017, there were 11 homes sold, with a median sale price of $207,000 - a 10% decrease over the $230,000 median sale price for the same period of the previous year. There were 13 homes sold in Mount Greenwood in February 2016.

The median sales tax in Mount Greenwood for 2017 was $3,689. In 2016, the median sales tax was $3,679. 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 1.8%.

The following table compares Mount Greenwood 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)
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%
Archer Heights660%$195,000$172,50013%

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