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Chicago City Wire

Wednesday, April 24, 2024

West Lawn home prices rise in May 2017

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The median sale price of a home sold in May 2017 in West Lawn, a Chicago neighborhood, rose by $5,000 while total sales increased by 16%, according to BlockShopper.com.

In May 2017, there were 29 homes sold, with a median sale price of $180,000 - a 2.9% increase over the $175,000 median sale price for the same period of the previous year. There were 25 homes sold in West Lawn in May 2016.

The median sales tax in West Lawn for 2017 was $2,729. In 2016, the median sales tax was $2,698. This marks an increase of 1.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.5%.

The following table compares West Lawn to other Chicago neighborhood with similar median sales prices in May 2017:

NeighborhoodMay 2017 Home SalesMay 2016 Home Sales% change (Total Home Sales)May 2017 Median Sales PriceMay 2016 Median Sales Price% change (Median Sales Price)
Garfield Ridge512788.9%$205,000$192,0006.8%
West Elsdon1523-34.8%$199,000$170,00017.1%
Scottsdale302050%$197,000$165,00019.4%
Gage Park1213-7.7%$185,000$87,000112.6%
Wrightwood911-18.2%$184,000$178,0003.4%
West Lawn292516%$180,000$175,0002.9%
Montclare1318-27.8%$180,000$185,750-3.1%
Rogers Park5057-12.3%$176,000$183,000-3.8%
Morgan Park 301687.5%$167,500$58,000188.8%
Chicago Lawn8714.3%$165,750$77,000115.3%
Little Village231553.3%$160,000$56,000185.7%

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