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Chicago City Wire

Tuesday, April 23, 2024

Bronzeville home prices rise in June 2017

Re 13

The median sale price of a home sold in June 2017 in Bronzeville, a Chicago neighborhood, rose by $99,500 while total sales increased by 29.7%, according to BlockShopper.com.

In June 2017, there were 48 homes sold, with a median sale price of $229,500 - a 76.5% increase over the $130,000 median sale price for the same period of the previous year. There were 37 homes sold in Bronzeville in June 2016.

The median sales tax in Bronzeville for 2017 was $2,777. In 2016, the median sales tax was $2,698. This marks an increase of 2.9%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.2%.

The following table compares Bronzeville to other Chicago neighborhood with similar median sales prices in June 2017:

NeighborhoodJune 2017 Home SalesJune 2016 Home Sales% change (Total Home Sales)June 2017 Median Sales PriceJune 2016 Median Sales Price% change (Median Sales Price)
O'Hare231464.3%$235,000$295,000-20.3%
Boystown19648308.3%$234,500$243,750-3.8%
Uptown60559.1%$233,750$265,000-11.8%
Montclare171070%$231,000$237,500-2.7%
Garfield Ridge4157-28.1%$230,000$222,5003.4%
Bronzeville483729.7%$229,500$130,00076.5%
Heart of Chicago84100%$229,500$167,50037%
Edgewater 8186-5.8%$220,000$197,25011.5%
McKinley Park13785.7%$210,000$159,00032.1%
West Rogers Park8385-2.4%$208,000$175,00018.9%
Buena Park30293.4%$205,000$235,000-12.8%

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