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Friday, April 19, 2024

Mount Greenwood home prices rise in the first quarter of 2018

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The median sale price of a home sold in the first quarter of 2018 in Mount Greenwood, a Chicago neighborhood, rose by $18,000 while total sales decreased by 6.7%, according to BlockShopper.com.

From January through March of 2018, there were 42 homes sold, with a median sale price of $228,000 - a 8.6% increase over the $210,000 median sale price for the same period of the previous year. There were 45 homes sold in Mount Greenwood in the first quarter of 2017.

The median sales tax in Mount Greenwood for the most recent year with available data, 2017, was $3,689.40, approximately 1.6% of the median home sale price for the first quarter of 2018.

The following table compares Mount Greenwood to other Chicago neighborhood with similar median sales prices in the first quarter of 2018:

NeighborhoodJan. - Mar. 2018 Home SalesJan. - Mar. 2017 Home Sales% change (Total Home Sales)Jan. - Mar. 2018 Median Sales PriceJan. - Mar. 2017 Median Sales Price% change (Median Sales Price)
Chinatown913-30.8%$248,000$250,000-0.8%
Montclare403225%$247,500$221,00012%
Tri-Taylor52150%$240,000$165,50045%
Hermosa 54508%$235,000$230,0002.2%
West Rogers Park129193-33.2%$230,000$220,5004.3%
Mount Greenwood4245-6.7%$228,000$210,0008.6%
Archer Heights272035%$223,000$170,00031.2%
McKinley Park1622-27.3%$218,500$191,00014.4%
Forest Glen67-14.3%$218,500$120,00082.1%
Bronzeville81113-28.3%$215,000$183,50017.2%
Garfield Ridge988515.3%$210,000$193,0008.8%

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