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Monday, November 25, 2024

Rogers Park home prices fall in February 2017

Re 11

The median sale price of a home sold in February 2017 in Rogers Park, a Chicago neighborhood, fell by $17,000 while total sales decreased by 8%, according to BlockShopper.com.

In February 2017, there were 23 homes sold, with a median sale price of $168,000 - a 9.2% decrease over the $185,000 median sale price for the same period of the previous year. There were 25 homes sold in Rogers Park in February 2016.

The median sales tax in Rogers Park for 2017 was $2,258. In 2016, the median sales tax was $2,222. This marks an increase of 1.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.3%.

The following table compares Rogers Park 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)
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%
Rogers Park2325-8%$168,000$185,000-9.2%
Scottsdale13944.4%$164,000$139,00018%
Chatham201181.8%$161,250$139,00016%
West Elsdon511-54.5%$155,000$138,00012.3%
Little Village1118-38.9%$155,000$91,00070.3%
East Merrionette Park110%$145,000$76,00090.8%

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