In March 2017, there were 30 homes sold, with a median sale price of $253,000 - a 18.2% increase over the $214,000 median sale price for the same period of the previous year. There were 34 homes sold in Belmont/Cragin in March 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 1.6%.
The following table compares Belmont/Cragin to other Chicago neighborhood with similar median sales prices in March 2017:
| Neighborhood | Mar. 2017 Home Sales | Mar. 2016 Home Sales | % change (Total Home Sales) | Mar. 2017 Median Sales Price | Mar. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Montclare | 14 | 10 | 40% | $277,500 | $198,000 | 40.2% |
| Jefferson Park | 28 | 21 | 33.3% | $277,250 | $290,000 | -4.4% |
| Albany Park | 57 | 41 | 39% | $272,000 | $265,000 | 2.6% |
| Ravenswood | 74 | 17 | 335.3% | $260,000 | $497,000 | -47.7% |
| Sauganash | 7 | 11 | -36.4% | $255,000 | $385,000 | -33.8% |
| Belmont/Cragin | 30 | 34 | -11.8% | $253,000 | $214,000 | 18.2% |
| West Rogers Park | 72 | 63 | 14.3% | $238,000 | $150,000 | 58.7% |
| Dunning | 65 | 45 | 44.4% | $235,000 | $220,000 | 6.8% |
| Buena Park | 28 | 19 | 47.4% | $234,500 | $255,000 | -8% |
| Galewood | 8 | 8 | 0% | $231,000 | $157,000 | 47.1% |
| Hermosa | 23 | 21 | 9.5% | $225,000 | $205,000 | 9.8% |
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