In May 2017, there were 41 homes sold, with a median sale price of $230,000. There were 29 homes sold in Belmont/Cragin in May 2016, and the median sales price for the period was also $230,000.
The median sales tax in Belmont/Cragin for 2017 was $4,155. In 2016, the median sales tax was $4,018. 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 1.8%.
The following table compares Belmont/Cragin to other Chicago neighborhood with similar median sales prices in May 2017:
| Neighborhood | May 2017 Home Sales | May 2016 Home Sales | % change (Total Home Sales) | May 2017 Median Sales Price | May 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Edgewater | 74 | 61 | 21.3% | $249,500 | $184,000 | 35.6% |
| Buena Park | 27 | 19 | 42.1% | $242,500 | $232,000 | 4.5% |
| Hermosa | 17 | 15 | 13.3% | $235,000 | $202,500 | 16% |
| Bronzeville | 31 | 26 | 19.2% | $232,000 | $193,000 | 20.2% |
| Boystown | 57 | 41 | 39% | $230,000 | $272,500 | -15.6% |
| Belmont/Cragin | 41 | 29 | 41.4% | $230,000 | $230,000 | 0% |
| Mount Greenwood | 26 | 13 | 100% | $227,250 | $255,000 | -10.9% |
| Archer Heights | 10 | 17 | -41.2% | $224,250 | $168,000 | 33.5% |
| Clearing | 27 | 19 | 42.1% | $216,500 | $198,000 | 9.3% |
| Hyde Park | 31 | 21 | 47.6% | $209,000 | $242,000 | -13.6% |
| West Rogers Park | 66 | 63 | 4.8% | $207,750 | $293,000 | -29.1% |
Alerts Sign-up