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Monday, November 25, 2024

East Side home prices rise in February 2017

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The median sale price of a home sold in February 2017 in East Side, a Chicago neighborhood, rose by $43,000 while total sales decreased by 6.3%, according to BlockShopper.com.

In February 2017, there were 15 homes sold, with a median sale price of $94,000 - a 84.3% increase over the $51,000 median sale price for the same period of the previous year. There were 16 homes sold in East Side in February 2016.

The median sales tax in East Side for 2017 was $1,832. In 2016, the median sales tax was $1,853. This marks an decrease of 1.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.9%.

The following table compares East Side 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)
Canaryville/Fuller Park46-33.3%$113,250$124,000-8.7%
Gage Park1018-44.4%$105,750$134,000-21.1%
Oakland45-20%$105,000$79,00032.9%
Austin 3539-10.3%$100,000$82,50021.2%
Washington Park10666.7%$97,000$42,500128.2%
East Side1516-6.3%$94,000$51,00084.3%
Hegewisch35-40%$91,500$46,00098.9%
Calumet Heights 2628-7.1%$88,500$95,000-6.8%
Brainerd221729.4%$81,000$49,00065.3%
West Hometown24-50%$77,000$79,000-2.5%
West Pullman2225-12%$71,500$58,50022.2%

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