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Chicago City Wire

Tuesday, November 26, 2024

Buena Park home prices fall in March 2017

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The median sale price of a home sold in March 2017 in Buena Park, a Chicago neighborhood, fell by $20,500 while total sales increased by 47.4%, according to BlockShopper.com.

In March 2017, there were 28 homes sold, with a median sale price of $234,500 - a 8% decrease over the $255,000 median sale price for the same period of the previous year. There were 19 homes sold in Buena Park in March 2016.

The median sales tax in Buena Park for 2017 was $2,778. In 2016, the median sales tax was $2,656. This marks an increase of 4.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.2%.

The following table compares Buena Park to other Chicago neighborhood with similar median sales prices in March 2017:

NeighborhoodMar. 2017 Home SalesMar. 2016 Home Sales% change (Total Home Sales)Mar. 2017 Median Sales PriceMar. 2016 Median Sales Price% change (Median Sales Price)
Ravenswood 7417335.3%$260,000$497,000-47.7%
Sauganash711-36.4%$255,000$385,000-33.8%
Belmont/Cragin3034-11.8%$253,000$214,00018.2%
West Rogers Park726314.3%$238,000$150,00058.7%
Dunning654544.4%$235,000$220,0006.8%
Buena Park281947.4%$234,500$255,000-8%
Galewood880%$231,000$157,00047.1%
Hermosa 23219.5%$225,000$205,0009.8%
Beverly 3411209.1%$224,000$242,500-7.6%
Heart of Chicago36-50%$220,000$234,250-6.1%
Uptown342254.5%$217,500$237,250-8.3%

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