From January through December of 2017, there were 283 homes sold, with a median sale price of $134,500 - a 12.1% increase over the $120,000 median sale price for the previous year. There were 293 homes sold in Bellwood in 2016.
The median sales tax in Bellwood for 2017 was $4,154. In 2016, the median sales tax was $3,741. This marks an increase of 11%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.1%.
The following table compares Bellwood to other Cook County cities with similar median sales prices in 2017:
| City | Jan. - Dec. 2017 Home Sales | Jan. - Dec. 2016 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2017 Median Sales Price | Jan. - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Palos Hills | 272 | 293 | -7.2% | $152,500 | $150,000 | 1.7% |
| Homewood | 414 | 356 | 16.3% | $147,500 | $125,000 | 18% |
| Lyons | 154 | 145 | 6.2% | $146,000 | $133,000 | 9.8% |
| Alsip | 281 | 276 | 1.8% | $143,500 | $134,250 | 6.9% |
| Midlothian | 252 | 258 | -2.3% | $135,000 | $120,000 | 12.5% |
| Bellwood | 283 | 293 | -3.4% | $134,500 | $120,000 | 12.1% |
| Matteson | 385 | 282 | 36.5% | $133,000 | $126,500 | 5.1% |
| Stone Park | 20 | 31 | -35.5% | $132,500 | $122,500 | 8.2% |
| Merrionette Park | 31 | 37 | -16.2% | $132,000 | $105,000 | 25.7% |
| Lynwood | 109 | 113 | -3.5% | $129,000 | $123,000 | 4.9% |
| Hodgkins | 1 | 4 | -75% | $125,000 | $200,500 | -37.7% |
Alerts Sign-up