From January through March of 2017, there were 56 homes sold, with a median sale price of $85,250 - a 31.2% increase over the $65,000 median sale price for the same period of the previous year. There were 47 homes sold in Blue Island in the first quarter of 2016.
The median sales tax in Blue Island for 2017 was $3,349.57. In 2016, the median sales tax was $3,377.50. This marks an decrease of 0.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.9%.
The following table compares Blue Island to other Cook County cities with similar median sales prices in the first quarter of 2017:
| City | Jan. - Mar. 2017 Home Sales | Jan. - Mar. 2016 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2017 Median Sales Price | Jan. - Mar. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Richton Park | 50 | 40 | 25% | $98,250 | $48,750 | 101.5% |
| Glenwood | 45 | 40 | 12.5% | $98,000 | $101,500 | -3.4% |
| Hometown | 12 | 20 | -40% | $89,000 | $83,750 | 6.3% |
| Chicago Ridge | 51 | 38 | 34.2% | $87,000 | $82,500 | 5.5% |
| Thornton | 8 | 9 | -11.1% | $86,500 | $95,000 | -8.9% |
| Blue Island | 56 | 47 | 19.1% | $85,250 | $65,000 | 31.2% |
| Steger | 13 | 15 | -13.3% | $80,000 | $28,500 | 180.7% |
| Lansing | 139 | 112 | 24.1% | $78,000 | $75,000 | 4% |
| Hazel Crest | 62 | 55 | 12.7% | $74,250 | $79,000 | -6% |
| South Chicago Heights | 21 | 11 | 90.9% | $66,500 | $30,000 | 121.7% |
| Burnham | 16 | 12 | 33.3% | $64,000 | $39,500 | 62% |
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