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Monday, November 25, 2024

Brighton Park home prices fall in March 2017

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The median sale price of a home sold in March 2017 in Brighton Park, a Chicago neighborhood, fell by $30,000 while total sales decreased by 27.3%, according to BlockShopper.com.

In March 2017, there were eight homes sold, with a median sale price of $150,000 - a 16.7% decrease over the $180,000 median sale price for the same period of the previous year. There were 11 homes sold in Brighton Park in March 2016.

The median sales tax in Brighton Park for 2017 was $2,996. In 2016, the median sales tax was $2,931. This marks an increase of 2.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2%.

The following table compares Brighton 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)
Austin 50468.7%$151,750$75,750100.3%
Bronzeville473246.9%$150,000$186,500-19.6%
Archer Heights59-44.4%$150,000$170,000-11.8%
Ashburn 171421.4%$150,000$165,750-9.5%
Hyde Park14955.6%$150,000$125,00020%
Brighton Park811-27.3%$150,000$180,000-16.7%
Scottsdale13128.3%$148,000$140,0005.7%
McKinley Park9812.5%$140,000$157,750-11.3%
Hegewisch916-43.8%$138,000$127,5008.2%
Chicago Lawn311-72.7%$136,500$50,000173%
Little Village271668.8%$124,000$72,50071%

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