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Chicago City Wire

Tuesday, November 26, 2024

Clearing home prices rise in March 2017

Re 12

The median sale price of a home sold in March 2017 in Clearing, a Chicago neighborhood, rose by $48,000 while total sales increased by 26.7%, according to BlockShopper.com.

In March 2017, there were 19 homes sold, with a median sale price of $203,000 - a 31% increase over the $155,000 median sale price for the same period of the previous year. There were 15 homes sold in Clearing in March 2016.

The median sales tax in Clearing for 2017 was $3,024. In 2016, the median sales tax was $2,969. This marks an increase of 1.9%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.5%.

The following table compares Clearing 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)
Heart of Chicago36-50%$220,000$234,250-6.1%
Uptown342254.5%$217,500$237,250-8.3%
Oriole Park7616.7%$208,000$181,25014.8%
Garfield Ridge282416.7%$207,500$199,0004.3%
Mount Greenwood201811.1%$205,000$184,75011%
Clearing191526.7%$203,000$155,00031%
Edgewater 574916.3%$183,000$223,000-17.9%
West Elsdon914-35.7%$175,000$156,00012.2%
West Lawn301866.7%$175,000$138,75026.1%
Woodlawn1626-38.5%$166,550$76,500117.7%
Washington Heights46-33.3%$161,500$110,00046.8%

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