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South Cook News

Wednesday, December 25, 2024

Justice home prices rise in March 2017

Re 7

The median sale price of a home sold in March 2017 in Justice rose by $31,500 while total sales decreased by 33.3%, according to BlockShopper.com.

In March 2017, there were four homes sold, with a median sale price of $139,750 - a 29.1% increase over the $108,250 median sale price for the same period of the previous year. There were six homes sold in Justice in March 2016.

The median sales tax in Justice for 2017 was $4,555. In 2016, the median sales tax was $4,161. This marks an increase of 9.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.3%.

The following table compares Justice to other Cook County cities with similar median sales prices in March 2017:

CityMar. 2017 Home SalesMar. 2016 Home Sales% change (Total Home Sales)Mar. 2017 Median Sales PriceMar. 2016 Median Sales Price% change (Median Sales Price)
Franklin Park241833.3%$152,500$182,500-16.4%
Forest Park221546.7%$152,500$147,0003.7%
Palos Hills23219.5%$152,000$153,000-0.7%
Oak Lawn876435.9%$150,000$150,0000%
Lynwood10825%$142,500$111,50027.8%
Justice46-33.3%$139,750$108,25029.1%
Cicero584918.4%$135,000$145,000-6.9%
Oak Forest3133-6.1%$130,000$164,000-20.7%
Bedford Park10-$130,000$0-
Homewood292045%$129,000$84,00053.6%
Alsip3014114.3%$128,000$134,500-4.8%

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