In February 2017, there were four homes sold, with a median sale price of $64,000 - a 63.1% increase over the $39,250 median sale price for the same period of the previous year. There were four homes sold in Burnham in February 2016, as well.
The median sales tax in Burnham for 2017 was $2,964. In 2016, the median sales tax was $3,263. This marks an decrease of 9.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 4.6%.
The following table compares Burnham to other Cook County cities with similar median sales prices in February 2017:
| City | Feb. 2017 Home Sales | Feb. 2016 Home Sales | % change (Total Home Sales) | Feb. 2017 Median Sales Price | Feb. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Country Club Hills | 18 | 24 | -25% | $71,000 | $104,500 | -32.1% |
| Hometown | 4 | 6 | -33.3% | $68,500 | $61,750 | 10.9% |
| Hazel Crest | 20 | 13 | 53.8% | $68,500 | $80,000 | -14.4% |
| Steger | 6 | 3 | 100% | $67,250 | $23,500 | 186.2% |
| South Chicago Heights | 5 | 3 | 66.7% | $66,500 | $28,000 | 137.5% |
| Burnham | 4 | 4 | 0% | $64,000 | $39,250 | 63.1% |
| Calumet Park | 6 | 5 | 20% | $61,500 | $35,000 | 75.7% |
| Blue Island | 17 | 14 | 21.4% | $60,500 | $84,500 | -28.4% |
| Calumet City | 47 | 37 | 27% | $60,000 | $38,000 | 57.9% |
| Chicago Heights | 18 | 27 | -33.3% | $55,500 | $61,000 | -9% |
| Sauk Village | 15 | 11 | 36.4% | $47,500 | $31,500 | 50.8% |
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