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Chicago City Wire

Monday, November 25, 2024

West Englewood home prices rise in March 2017

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The median sale price of a home sold in March 2017 in West Englewood, a Chicago neighborhood, rose by $1,750 while total sales remained unchanged with 22 homes sold, according to BlockShopper.com.

In March 2017, there were 22 homes sold, with a median sale price of $25,250 - a 7.4% increase over the $23,500 median sale price for the same period of the previous year. There were 22 homes sold in West Englewood in March 2016, as well.

The median sales tax in West Englewood for 2017 was $1,407. In 2016, the median sales tax was $1,380. This marks an increase of 2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 5.6%.

The following table compares West Englewood 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)
West Garfield Park9728.6%$66,000$35,00088.6%
Greater Grand Crossing333010%$65,000$67,250-3.3%
Burnside23224.5%$65,000$36,00080.6%
Back of the Yards27258%$50,000$36,50037%
South Chicago 211631.3%$47,000$29,25060.7%
East Merrionette Park110%$46,000$29,00058.6%
Roseland/Pullman363212.5%$44,500$30,00048.3%
West Pullman222010%$41,250$19,000117.1%
South Deering12120%$32,750$23,25040.9%
Englewood34319.7%$29,500$20,00047.5%
West Englewood22220%$25,250$23,5007.4%

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