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Wednesday, December 25, 2024

Dolton home prices fall in March 2017

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The median sale price of a home sold in March 2017 in Dolton fell by $9,000 while total sales increased by 55.6%, according to BlockShopper.com.

In March 2017, there were 28 homes sold, with a median sale price of $49,250 - a 15.5% decrease over the $58,250 median sale price for the same period of the previous year. There were 18 homes sold in Dolton in March 2016.

The median sales tax in Dolton for 2017 was $3,648. In 2016, the median sales tax was $3,664. This marks an decrease of 0.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 7.4%.

The following table compares Dolton 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)
Chicago Ridge12120%$60,750$66,750-9%
Chicago Heights28280%$60,000$52,75013.7%
Markham13130%$60,000$26,500126.4%
Burnham42100%$59,000$73,500-19.7%
Calumet Park660%$56,000$52,5006.7%
Dolton281855.6%$49,250$58,250-15.5%
Calumet City383315.2%$47,250$50,000-5.5%
Merrionette Park110%$46,000$29,00058.6%
Riverdale811-27.3%$45,000$32,50038.5%
Richton Park15150%$40,000$120,000-66.7%
East Hazel Crest24-50%$38,250$60,000-36.3%

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