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Wednesday, December 25, 2024

West Hometown 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 West Hometown, a Chicago neighborhood, rose by $12,000 while total sales decreased by 33.3%, according to BlockShopper.com.

From January through March of 2017, there were eight homes sold, with a median sale price of $104,000 - a 13% increase over the $92,000 median sale price for the same period of the previous year. There were 12 homes sold in West Hometown in the first quarter of 2016.

The median sales tax in West Hometown for 2017 was $3,017.14. In 2016, the median sales tax was $3,054.90. This marks an decrease of 1.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.9%.

The following table compares West Hometown to other Chicago neighborhood with similar median sales prices in the first quarter of 2017:

NeighborhoodJan. - 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)
Wrightwood311963.2%$112,500$134,000-16%
Oakland211631.3%$110,000$106,5003.3%
Washington Park1722-22.7%$110,000$72,50051.7%
Chatham615022%$105,500$87,50020.6%
Austin 1401344.5%$105,500$83,75026%
West Hometown812-33.3%$104,000$92,00013%
Chicago Lawn2534-26.5%$100,000$105,250-5%
East Merrionette Park440%$95,500$88,0008.5%
East Side46460%$93,000$72,50028.3%
South Shore93100-7%$93,000$66,75039.3%
Lawndale85850%$89,000$55,00061.8%

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