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Chicago City Wire

Tuesday, November 26, 2024

East Side home prices fall in March 2017

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The median sale price of a home sold in March 2017 in East Side, a Chicago neighborhood, fell by $5,000 while total sales decreased by 30.8%, according to BlockShopper.com.

In March 2017, there were nine homes sold, with a median sale price of $80,000 - a 5.9% decrease over the $85,000 median sale price for the same period of the previous year. There were 13 homes sold in East Side in March 2016.

The median sales tax in East Side for 2017 was $1,832. In 2016, the median sales tax was $1,853. This marks an decrease of 1.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.3%.

The following table compares East Side 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)
Washington Park46-33.3%$86,000$67,75026.9%
West Hometown330%$85,000$84,5000.6%
Canaryville/Fuller Park59-44.4%$84,500$75,00012.7%
Forest Glen50-$83,000$0-
Chatham271850%$80,000$46,00073.9%
East Side913-30.8%$80,000$85,000-5.9%
Brainerd1829-37.9%$80,000$60,00033.3%
Calumet Heights 4020100%$78,500$132,500-40.8%
Morgan Park 242020%$78,000$149,500-47.8%
East Garfield Park151050%$75,000$80,500-6.8%
Lawndale403129%$75,000$55,00036.4%

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