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Monday, December 23, 2024

Justice home prices rise in the first quarter of 2017

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The median sale price of a home sold in the first quarter of 2017 in Justice rose by $6,250 while total sales decreased by 38.5%, according to BlockShopper.com.

From January through March of 2017, there were 16 homes sold, with a median sale price of $149,250 - a 4.4% increase over the $143,000 median sale price for the same period of the previous year. There were 26 homes sold in Justice in the first quarter of 2016.

The median sales tax in Justice for 2017 was $4,554.66. In 2016, the median sales tax was $4,161.40. This marks an increase of 9.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.1%.

The following table compares Justice to other Cook County cities with similar median sales prices in the first quarter of 2017:

CityJan. - Mar. 2017 Home SalesJan. - Mar. 2016 Home Sales% change (Total Home Sales)Jan. - Mar. 2017 Median Sales PriceJan. - Mar. 2016 Median Sales Price% change (Median Sales Price)
Oak Lawn25219231.3%$157,750$137,25014.9%
Oak Forest9295-3.2%$153,250$155,000-1.1%
Franklin Park59549.3%$150,000$155,750-3.7%
Elgin877122.5%$150,000$146,0002.7%
Berkeley1621-23.8%$149,500$120,50024.1%
Justice1626-38.5%$149,250$143,0004.4%
Cicero1651537.8%$148,000$135,0009.6%
Palos Hills5557-3.5%$147,000$145,0001.4%
Broadview2839-28.2%$145,000$120,00020.8%
Merrionette Park5425%$145,000$88,00064.8%
Forest View21100%$141,500$159,000-11%

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