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Chicago City Wire

Sunday, November 24, 2024

West Englewood home prices rise in February 2017

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The median sale price of a home sold in February 2017 in West Englewood, a Chicago neighborhood, rose by $6,000 while total sales decreased by 47.4%, according to BlockShopper.com.

In February 2017, there were 10 homes sold, with a median sale price of $31,000 - a 24% increase over the $25,000 median sale price for the same period of the previous year. There were 19 homes sold in West Englewood in February 2016.

The median sales tax in West Englewood for 2017 was $1,407. In 2016, the median sales tax was $1,380. This marks an increase of 2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 4.5%.

The following table compares West Englewood 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)
Greater Grand Crossing332343.5%$60,000$47,50026.3%
Back of the Yards201717.6%$49,250$28,50072.8%
West Garfield Park125140%$47,500$75,000-36.7%
East Chicago Heights 20-$44,250$0-
Roseland/Pullman32306.7%$41,500$36,00015.3%
South Chicago 2124-12.5%$41,000$26,50054.7%
Washington Heights5366.7%$36,500$37,500-2.7%
Riverdale/Altgeld Gardens110%$35,000$1,5002233.3%
West Englewood1019-47.4%$31,000$25,00024%
South Deering1114-21.4%$25,000$68,750-63.6%
Englewood30287.1%$21,500$16,25032.3%

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