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Sunday, October 6, 2024

Alsip home prices rise in July 2017

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The median sale price of a home sold in July 2017 in Alsip rose by $35,000 while total sales decreased by 15.4%, according to BlockShopper.com.

In July 2017, there were 22 homes sold, with a median sale price of $171,000 - a 25.7% increase over the $136,000 median sale price for the same period of the previous year. There were 26 homes sold in Alsip in July 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 2.7%.

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

CityJuly 2017 Home SalesJuly 2016 Home Sales% change (Total Home Sales)July 2017 Median Sales PriceJuly 2016 Median Sales Price% change (Median Sales Price)
Franklin Park2328-17.9%$180,500$163,50010.4%
Northlake161323.1%$177,755$112,50058%
Cicero4157-28.1%$175,000$155,00012.9%
Elgin35342.9%$175,000$163,0007.4%
Hillside151050%$172,500$114,50050.7%
Alsip2226-15.4%$171,000$136,00025.7%
Hanover Park312524%$170,000$200,000-15%
Orland Hills89-11.1%$168,250$188,000-10.5%
Justice16160%$167,500$167,5000%
Forest Park2245-51.1%$166,750$215,000-22.4%
Homewood403033.3%$165,000$136,00021.3%

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