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Wednesday, April 24, 2024

Alsip home prices rise in the first half of 2017

Re 13

The median sale price of a home sold in the first half of 2017 in Alsip rose by $10,000 while total sales increased by 14.4%, according to BlockShopper.com.

From January through June of 2017, there were 143 homes sold, with a median sale price of $135,000 - a 8% increase over the $125,000 median sale price for the same period of the previous year. There were 125 homes sold in Alsip in the first half of 2016.

The median sales tax in Alsip for 2017 was $4,631. In 2016, the median sales tax was $4,131. This marks an increase of 12.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.4%.

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

CityJan. - June 2017 Home SalesJan. - June 2016 Home Sales% change (Total Home Sales)Jan. - June 2017 Median Sales PriceJan. - June 2016 Median Sales Price% change (Median Sales Price)
Cicero316328-3.7%$149,000$128,00016.4%
Homewood18915422.7%$143,000$105,00036.2%
Summit634250%$138,500$131,2505.5%
Lyons766222.6%$137,500$136,2500.9%
Hillside53506%$137,500$118,50016%
Alsip14312514.4%$135,000$125,0008%
Midlothian1149816.3%$132,750$113,50017%
Lynwood56543.7%$132,000$97,00036.1%
Matteson19613743.1%$128,000$130,000-1.5%
Merrionette Park14137.7%$125,500$100,00025.5%
Hodgkins13-66.7%$125,000$197,500-36.7%

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