Quantcast

Chicago City Wire

Tuesday, April 23, 2024

Lawndale home prices rise in November 2017

Re 11

The median sale price of a home sold in November 2017 in Lawndale, a Chicago neighborhood, rose by $85,500 while total sales increased by 17.9%, according to BlockShopper.com.

In November 2017, there were 33 homes sold, with a median sale price of $152,500 - a 127.6% increase over the $67,000 median sale price for the same period of the previous year. There were 28 homes sold in Lawndale in November 2016.

The median sales tax in Lawndale for 2017 was $3,216. In 2016, the median sales tax was $3,092. This marks an increase of 4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.1%.

The following table compares Lawndale 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)
East Merrionette Park3250%$170,000$138,25023%
Washington Park79-22.2%$167,500$65,000157.7%
West Rogers Park5455-1.8%$164,500$174,000-5.5%
Austin 464112.2%$160,000$85,00088.2%
West Garfield Park11922.2%$159,500$73,000118.5%
Lawndale332817.9%$152,500$67,000127.6%
Chatham171421.4%$150,000$78,25091.7%
Chicago Lawn714-50%$150,000$92,50062.2%
Little Village281947.4%$149,000$85,00075.3%
Morgan Park 13130%$140,000$131,0006.9%
Union Ridge770%$140,000$277,000-49.5%

MORE NEWS