In February 2017, there were 21 homes sold, with a median sale price of $170,000 - a 10.5% decrease over the $190,000 median sale price for the same period of the previous year. There were 35 homes sold in Belmont/Cragin in February 2016.
The median sales tax in Belmont/Cragin for 2017 was $4,155. In 2016, the median sales tax was $4,018. This marks an increase of 3.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.4%.
The following table compares Belmont/Cragin to other Chicago neighborhood with similar median sales prices in February 2017:
| Neighborhood | Feb. 2017 Home Sales | Feb. 2016 Home Sales | % change (Total Home Sales) | Feb. 2017 Median Sales Price | Feb. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| West Lawn | 25 | 22 | 13.6% | $187,500 | $174,500 | 7.4% |
| Montclare | 6 | 10 | -40% | $185,000 | $207,500 | -10.8% |
| Brighton Park | 9 | 20 | -55% | $180,000 | $143,000 | 25.9% |
| Humboldt Park | 31 | 30 | 3.3% | $175,000 | $171,500 | 2% |
| Union Ridge | 3 | 10 | -70% | $171,500 | $278,500 | -38.4% |
| Belmont/Cragin | 21 | 35 | -40% | $170,000 | $190,000 | -10.5% |
| Rogers Park | 23 | 25 | -8% | $168,000 | $185,000 | -9.2% |
| Scottsdale | 13 | 9 | 44.4% | $164,000 | $139,000 | 18% |
| Chatham | 20 | 11 | 81.8% | $161,250 | $139,000 | 16% |
| West Elsdon | 5 | 11 | -54.5% | $155,000 | $138,000 | 12.3% |
| Little Village | 11 | 18 | -38.9% | $155,000 | $91,000 | 70.3% |
Alerts Sign-up