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Wednesday, April 24, 2024

Forest Glen home prices rise in April 2017

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The median sale price of a home sold in April 2017 in Forest Glen, a Chicago neighborhood, rose by $87,500 while total sales increased by 200%, according to BlockShopper.com.

In April 2017, there were six homes sold, with a median sale price of $217,000 - a 67.6% increase over the $129,500 median sale price for the same period of the previous year. There were two homes sold in Forest Glen in April 2016.

The median sales tax in Forest Glen for 2017 was $3,540. In 2016, the median sales tax was $3,422. This marks an increase of 3.4%. 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 Forest Glen to other Chicago neighborhood with similar median sales prices in April 2017:

NeighborhoodApr. 2017 Home SalesApr. 2016 Home Sales% change (Total Home Sales)Apr. 2017 Median Sales PriceApr. 2016 Median Sales Price% change (Median Sales Price)
Mount Greenwood24240%$234,000$245,000-4.5%
Buena Park272412.5%$230,000$258,500-11%
Hermosa 18175.9%$230,000$185,00024.3%
Edgewater 67628.1%$226,000$196,50015%
Oriole Park713-46.2%$220,000$240,000-8.3%
Forest Glen62200%$217,000$129,50067.6%
Clearing1823-21.7%$207,500$185,00012.2%
Garfield Ridge393414.7%$204,000$202,0001%
Bronzeville32313.2%$202,750$210,000-3.5%
Galewood917-47.1%$190,000$212,000-10.4%
Archer Heights89-11.1%$181,500$170,0006.8%

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