In May 2017, there were nine homes sold, with a median sale price of $68,000 - a 66.7% decrease over the $204,000 median sale price for the same period of the previous year. There were six homes sold in Washington Heights in May 2016.
The median sales tax in Washington Heights for 2017 was $1,800. In 2016, the median sales tax was $1,800, as well. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.6%.
The following table compares Washington Heights 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) |
|---|---|---|---|---|---|---|
| Gresham | 38 | 41 | -7.3% | $90,750 | $107,000 | -15.2% |
| South Shore | 39 | 27 | 44.4% | $85,000 | $120,000 | -29.2% |
| South Deering | 6 | 8 | -25% | $84,000 | $16,000 | 425% |
| Washington Park | 6 | 4 | 50% | $81,500 | $143,500 | -43.2% |
| Lawndale | 37 | 41 | -9.8% | $72,000 | $90,000 | -20% |
| Washington Heights | 9 | 6 | 50% | $68,000 | $204,000 | -66.7% |
| South Chicago | 21 | 15 | 40% | $60,000 | $66,000 | -9.1% |
| Back of the Yards | 22 | 13 | 69.2% | $59,000 | $55,000 | 7.3% |
| Burnside | 18 | 18 | 0% | $53,750 | $88,000 | -38.9% |
| West Garfield Park | 10 | 8 | 25% | $46,500 | $28,000 | 66.1% |
| West Pullman | 29 | 38 | -23.7% | $35,500 | $34,500 | 2.9% |
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