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Chicago City Wire

Tuesday, November 26, 2024

West Lawn home prices rise in March 2017

Realestate1

The median sale price of a home sold in March 2017 in West Lawn, a Chicago neighborhood, rose by $36,250 while total sales increased by 66.7%, according to BlockShopper.com.

In March 2017, there were 30 homes sold, with a median sale price of $175,000 - a 26.1% increase over the $138,750 median sale price for the same period of the previous year. There were 18 homes sold in West Lawn in March 2016.

The median sales tax in West Lawn for 2017 was $2,729. In 2016, the median sales tax was $2,698. This marks an increase of 1.1%. 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 West Lawn 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)
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%
Rogers Park583565.7%$159,000$201,000-20.9%
Gage Park165220%$158,500$88,00080.1%
Austin 50468.7%$151,750$75,750100.3%

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