In March 2017, there were four homes sold, with a median sale price of $86,000 - a 26.9% increase over the $67,750 median sale price for the same period of the previous year. There were six homes sold in Washington Park in March 2016.
The median sales tax in Washington Park for 2017 was $2,086. In 2016, the median sales tax was $1,945. This marks an increase of 7.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.4%.
The following table compares Washington Park 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) |
|---|---|---|---|---|---|---|
| Little Village | 27 | 16 | 68.8% | $124,000 | $72,500 | 71% |
| Marquette Park | 34 | 20 | 70% | $105,000 | $68,250 | 53.8% |
| South Shore | 40 | 38 | 5.3% | $104,000 | $62,500 | 66.4% |
| Oakland | 10 | 7 | 42.9% | $102,750 | $160,000 | -35.8% |
| Wrightwood | 14 | 2 | 600% | $100,000 | $90,250 | 10.8% |
| Washington Park | 4 | 6 | -33.3% | $86,000 | $67,750 | 26.9% |
| West Hometown | 3 | 3 | 0% | $85,000 | $84,500 | 0.6% |
| Canaryville/Fuller Park | 5 | 9 | -44.4% | $84,500 | $75,000 | 12.7% |
| Forest Glen | 5 | 0 | - | $83,000 | $0 | - |
| Chatham | 27 | 18 | 50% | $80,000 | $46,000 | 73.9% |
| East Side | 9 | 13 | -30.8% | $80,000 | $85,000 | -5.9% |
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