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Chicago City Wire

Monday, November 25, 2024

West Elsdon home prices rise in February 2017

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The median sale price of a home sold in February 2017 in West Elsdon, a Chicago neighborhood, rose by $17,000 while total sales decreased by 54.5%, according to BlockShopper.com.

In February 2017, there were five homes sold, with a median sale price of $155,000 - a 12.3% increase over the $138,000 median sale price for the same period of the previous year. There were 11 homes sold in West Elsdon in February 2016.

The median sales tax in West Elsdon for 2017 was $2,601. In 2016, the median sales tax was $2,574. This marks an increase of 1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.7%.

The following table compares West Elsdon 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)
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%
Galewood11922.2%$130,000$167,000-22.2%
Chicago Lawn810-20%$129,000$120,0007.5%
Woodlawn20200%$127,500$122,5004.1%

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