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Tuesday, April 7, 2020

Archer Heights home prices rise in the first quarter of 2018

Real Estate

By Local Labs News Service | Apr 14, 2018

Re 12

The median sale price of a home sold in the first quarter of 2018 in Archer Heights, a Chicago neighborhood, rose by $53,000 while total sales increased by 35%, according to BlockShopper.com.

From January through March of 2018, there were 27 homes sold, with a median sale price of $223,000 - a 31.2% increase over the $170,000 median sale price for the same period of the previous year. There were 20 homes sold in Archer Heights in the first quarter of 2017.

The median sales tax in Archer Heights for the most recent year with available data, 2017, was $2,920.20, approximately 1.3% of the median home sale price for the first quarter of 2018.

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

Neighborhood
Jan. - Mar. 2018 Home Sales
Jan. - Mar. 2017 Home Sales
% change (Total Home Sales)
Jan. - Mar. 2018 Median Sales Price
Jan. - Mar. 2017 Median Sales Price
% change (Median Sales Price)
Montclare
40
32
25%
$247,500
$221,000
12%
Tri-Taylor
5
2
150%
$240,000
$165,500
45%
Hermosa
54
50
8%
$235,000
$230,000
2.2%
West Rogers Park
129
193
-33.2%
$230,000
$220,500
4.3%
Mount Greenwood
42
45
-6.7%
$228,000
$210,000
8.6%
Archer Heights
27
20
35%
$223,000
$170,000
31.2%
McKinley Park
16
22
-27.3%
$218,500
$191,000
14.4%
Forest Glen
6
7
-14.3%
$218,500
$120,000
82.1%
Bronzeville
81
113
-28.3%
$215,000
$183,500
17.2%
Garfield Ridge
98
85
15.3%
$210,000
$193,000
8.8%
Buena Park
55
60
-8.3%
$206,000
$234,500
-12.2%

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