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Chicago City Wire

Monday, November 25, 2024

Bronzeville home prices rise in February 2017

Realestate2

The median sale price of a home sold in February 2017 in Bronzeville, a Chicago neighborhood, rose by $26,000 while total sales increased by 28.6%, according to BlockShopper.com.

In February 2017, there were 27 homes sold, with a median sale price of $196,000 - a 15.3% increase over the $170,000 median sale price for the same period of the previous year. There were 21 homes sold in Bronzeville in February 2016.

The median sales tax in Bronzeville for 2017 was $2,777. In 2016, the median sales tax was $2,698. This marks an increase of 2.9%. 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 Bronzeville 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)
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%
McKinley Park59-44.4%$195,000$190,0002.6%
Garfield Ridge2027-25.9%$191,500$138,00038.8%
Tri-Taylor10-$188,000$0-

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