Quantcast

Chicago City Wire

Friday, April 19, 2024

Jefferson Park home prices fall in November 2017

Realestate077

The median sale price of a home sold in November 2017 in Jefferson Park, a Chicago neighborhood, fell by $11,250 while total sales increased by 53.8%, according to BlockShopper.com.

In November 2017, there were 40 homes sold, with a median sale price of $281,250 - a 3.8% decrease over the $292,500 median sale price for the same period of the previous year. There were 26 homes sold in Jefferson Park in November 2016.

The median sales tax in Jefferson Park for 2017 was $4,679. In 2016, the median sales tax was $4,530. This marks an increase of 3.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.7%.

The following table compares Jefferson Park to other Chicago neighborhood with similar median sales prices in November 2017:

NeighborhoodNov. 2017 Home SalesNov. 2016 Home Sales% change (Total Home Sales)Nov. 2017 Median Sales PriceNov. 2016 Median Sales Price% change (Median Sales Price)
Boystown231827.8%$292,000$270,2508%
Heart of Chicago8714.3%$291,000$239,00021.8%
Albany Park4144-6.8%$290,000$282,0002.8%
Big Oaks52150%$287,500$278,0003.4%
Uptown31310%$282,000$287,500-1.9%
Jefferson Park402653.8%$281,250$292,500-3.8%
Beverly 262313%$277,500$275,0000.9%
Buena Park918-50%$275,000$165,50066.2%
Galewood810-20%$268,250$178,75050.1%
Chinatown16-83.3%$262,000$184,50042%
Tri-Taylor330%$256,000$187,00036.9%

MORE NEWS