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Friday, April 19, 2024

Oriole Park home prices fall in December 2017

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The median sale price of a home sold in December 2017 in Oriole Park, a Chicago neighborhood, fell by $39,500 while total sales increased by 100%, according to BlockShopper.com.

In December 2017, there were six homes sold, with a median sale price of $205,500 - a 16.1% decrease over the $245,000 median sale price for the same period of the previous year. There were three homes sold in Oriole Park in December 2016.

The median sales tax in Oriole Park for 2017 was $4,074. In 2016, the median sales tax was $4,024. This marks an increase of 1.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2%.

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

NeighborhoodDec. 2017 Home SalesDec. 2016 Home Sales% change (Total Home Sales)Dec. 2017 Median Sales PriceDec. 2016 Median Sales Price% change (Median Sales Price)
West Elsdon618-66.7%$229,500$183,75024.9%
Tri-Taylor330%$225,000$410,000-45.1%
East Merrionette Park330%$223,500$125,00078.8%
Hyde Park1516-6.3%$223,000$167,50033.1%
Riverdale/Altgeld Gardens220%$220,000$10,0002100%
Oriole Park63100%$205,500$245,000-16.1%
Chatham1220-40%$203,500$104,50094.7%
Wrightwood187157.1%$202,500$135,00050%
McKinley Park45-20%$200,250$200,0000.1%
Kenwood79-22.2%$200,000$266,500-25%
Edgewater 5258-10.3%$199,500$202,250-1.4%

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