South Shore home prices rise in December 2017
In December 2017, there were 40 homes sold, with a median sale price of $78,500 - a 38.9% increase over the $56,500 median sale price for the same period of the previous year. There were 26 homes sold in South Shore in December 2016.
The median sales tax in South Shore for 2017 was $2,096. In 2016, the median sales tax was $2,088. This marks an increase of 0.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.7%.
The following table compares South Shore to other Chicago neighborhood with similar median sales prices in December 2017: