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Wednesday, December 25, 2024

Dolton home prices rise in the first quarter of 2017

Realestate5

The median sale price of a home sold in the first quarter of 2017 in Dolton rose by $6,250 while total sales increased by 57.4%, according to BlockShopper.com.

From January through March of 2017, there were 96 homes sold, with a median sale price of $42,250 - a 17.4% increase over the $36,000 median sale price for the same period of the previous year. There were 61 homes sold in Dolton in the first quarter of 2016.

The median sales tax in Dolton for 2017 was $3,648.18. In 2016, the median sales tax was $3,663.70. This marks an decrease of 0.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 8.6%.

The following table compares Dolton 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)
Chicago Heights6875-9.3%$58,000$52,00011.5%
Calumet City13410824.1%$58,000$44,25031.1%
Markham443525.7%$55,250$40,00038.1%
Dixmoor45-20%$42,750$25,00071%
Robbins710-30%$42,500$25,25068.3%
Dolton966157.4%$42,250$36,00017.4%
Park Forest6173-16.4%$40,000$33,00021.2%
East Hazel Crest27-71.4%$38,250$60,000-36.3%
Riverdale2024-16.7%$37,250$28,75029.6%
Sauk Village553652.8%$33,000$30,7507.3%
Harvey3445-24.4%$25,500$28,000-8.9%

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