Quantcast

South Cook News

Tuesday, December 24, 2024

East Chicago Heights home prices fall in the first quarter of 2017

Realestate1

The median sale price of a home sold in the first quarter of 2017 in East Chicago Heights, a Chicago neighborhood, fell by $12,500 while total sales decreased by 20%, according to BlockShopper.com.

From January through March of 2017, there were four homes sold, with a median sale price of $12,500 - a 50% decrease over the $25,000 median sale price for the same period of the previous year. There were five homes sold in East Chicago Heights in the first quarter of 2016.

The median sales tax in East Chicago Heights for 2017 was $1,764.83. In 2016, the median sales tax was $1,734.70. This marks an increase of 1.7%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 14.1%.

The following table compares East Chicago Heights 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)
Washington Heights1316-18.8%$60,000$75,000-20%
South Chicago 63621.6%$52,500$37,50040%
Back of the Yards645223.1%$49,000$33,50046.3%
Roseland/Pullman1038915.7%$45,000$35,50026.8%
West Garfield Park301687.5%$42,750$35,25021.3%
West Pullman78754%$40,000$33,00021.2%
Riverdale/Altgeld Gardens13-66.7%$35,000$2,5001300%
South Deering3039-23.1%$29,250$26,50010.4%
Englewood90891.1%$28,000$25,00012%
West Englewood4856-14.3%$26,000$24,5006.1%
East Chicago Heights 45-20%$12,500$25,000-50%

MORE NEWS