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Chicago City Wire

Tuesday, April 16, 2024

Brighton Park home prices fall in May 2017

Realestate077

The median sale price of a home sold in May 2017 in Brighton Park, a Chicago neighborhood, fell by $49,500 while total sales increased by 100%, according to BlockShopper.com.

In May 2017, there were 18 homes sold, with a median sale price of $134,000 - a 27% decrease over the $183,500 median sale price for the same period of the previous year. There were nine homes sold in Brighton Park in May 2016.

The median sales tax in Brighton Park for 2017 was $2,996. In 2016, the median sales tax was $2,931. This marks an increase of 2.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.2%.

The following table compares Brighton Park 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)
Ashburn 1428-50%$156,750$108,50044.5%
Brainerd432479.2%$144,000$59,750141%
Canaryville/Fuller Park105100%$142,750$82,50073%
Hegewisch9812.5%$140,000$104,00034.6%
McKinley Park69-33.3%$137,500$249,000-44.8%
Brighton Park189100%$134,000$183,500-27%
Marquette Park26254%$130,500$65,50099.2%
Woodlawn231735.3%$127,000$50,000154%
Austin 604146.3%$125,000$105,00019%
West Hometown440%$124,000$116,0006.9%
Oakland113266.7%$120,000$250,000-52%

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