Marquette Park home prices rise in August 2020

Marquette Park home prices rise in August 2020
0Comments

The median sale price of a home sold in August 2020 in Marquette Park, a Chicago neighborhood, rose by $8,250 while total sales decreased by 47.8%, according to BlockShopper.com.

In August 2020, there were 12 homes sold, with a median sale price of $153,250 – a 5.7% increase over the $145,000 median sale price for the same period of the previous year. There were 23 homes sold in Marquette Park in August 2019.

The median sales tax in Marquette Park for the most recent year with available data, 2019, was $2,060, approximately 1.3% of the median home sale price for August 2020.

The following table compares Marquette Park to other Chicago neighborhood with similar median sales prices in August 2020:

Neighborhood Aug. 2020 Home Sales Aug. 2019 Home Sales % change (Total Home Sales) Aug. 2020 Median Sales Price Aug. 2019 Median Sales Price % change (Median Sales Price)
Ashburn 8 12 -33.3% $161,500 $204,500 -21%
East Garfield Park 12 16 -25% $160,000 $214,250 -25.3%
Gresham 35 52 -32.7% $156,000 $160,000 -2.5%
Back of the Yards 5 26 -80.8% $155,000 $115,000 34.8%
East Side 13 37 -64.9% $155,000 $125,000 24%
Marquette Park 12 23 -47.8% $153,250 $145,000 5.7%
East Merrionette Park 2 2 0% $151,000 $105,000 43.8%
Brainerd 23 44 -47.7% $138,500 $126,250 9.7%
South Chicago 15 26 -42.3% $137,000 $63,500 115.7%
Roseland/Pullman 31 56 -44.6% $133,000 $65,500 103.1%
West Englewood 8 18 -55.6% $132,000 $43,000 207%


Related

Paul Vallas, Former Chief Executive Officer for Chicago Public Schools

Fmr. Chicago Public Schools CEO Vallas: ‘The Cook County property tax system is broken’

Paul Vallas criticizes Cook County’s property tax system for disproportionately affecting residents while benefiting political figures.

Patricia "P Rae" Easley, Founder & Chair of ChicagoRED

ChicagoRED founder on property taxes: The ‘commercial tax levy was pushed’ onto homeowners

A rise in property taxes for Chicago homeowners is linked to companies leaving downtown due to safety concerns and economic challenges.

County Clerk Cedric Giles, Cook County Clerk

Cook County home sales during week ending Oct. 18

There were 380 reported residential sales in Cook County in the week ending Oct. 18, according to BlockShopper.com.

Trending

The Weekly Newsletter

Sign-up for the Weekly Newsletter from Chicago City Wire.