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South Cook News

Sunday, October 6, 2024

West Hometown home prices rise in July 2017

Realestate077

The median sale price of a home sold in July 2017 in West Hometown, a Chicago neighborhood, rose by $26,500 while total sales increased by 450%, according to BlockShopper.com.

In July 2017, there were 11 homes sold, with a median sale price of $125,000 - a 26.9% increase over the $98,500 median sale price for the same period of the previous year. There were two homes sold in West Hometown in July 2016.

The median sales tax in West Hometown for 2017 was $3,017. In 2016, the median sales tax was $3,055. This marks an decrease of 1.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.4%.

The following table compares West Hometown to other Chicago neighborhood with similar median sales prices in July 2017:

NeighborhoodJuly 2017 Home SalesJuly 2016 Home Sales% change (Total Home Sales)July 2017 Median Sales PriceJuly 2016 Median Sales Price% change (Median Sales Price)
Woodlawn1820-10%$146,000$158,500-7.9%
Chatham211540%$135,000$174,000-22.4%
Little Village1823-21.7%$135,000$100,00035%
Chicago Lawn990%$134,000$60,000123.3%
East Merrionette Park13-66.7%$132,000$105,00025.7%
West Hometown112450%$125,000$98,50026.9%
Greater Grand Crossing27263.8%$125,000$109,00014.7%
East Side181612.5%$122,000$66,75082.8%
Hegewisch610-40%$113,750$83,50036.2%
Washington Park440%$113,500$129,750-12.5%
Austin 544812.5%$104,500$98,5006.1%

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