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Monday, November 25, 2024

West Lawn home prices rise in February 2017

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The median sale price of a home sold in February 2017 in West Lawn, a Chicago neighborhood, rose by $13,000 while total sales increased by 13.6%, according to BlockShopper.com.

In February 2017, there were 25 homes sold, with a median sale price of $187,500 - a 7.4% increase over the $174,500 median sale price for the same period of the previous year. There were 22 homes sold in West Lawn in February 2016.

The median sales tax in West Lawn for 2017 was $2,729. In 2016, the median sales tax was $2,698. This marks an increase of 1.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.5%.

The following table compares West Lawn 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)
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-
West Lawn252213.6%$187,500$174,5007.4%
Montclare610-40%$185,000$207,500-10.8%
Brighton Park920-55%$180,000$143,00025.9%
Humboldt Park 31303.3%$175,000$171,5002%
Union Ridge310-70%$171,500$278,500-38.4%
Belmont/Cragin2135-40%$170,000$190,000-10.5%

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