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Wednesday, April 24, 2024

Chicago Lawn 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 Chicago Lawn, a Chicago neighborhood, rose by $18,000 while total sales increased by 12%, according to BlockShopper.com.

From January through March of 2018, there were 28 homes sold, with a median sale price of $118,000 - a 18% increase over the $100,000 median sale price for the same period of the previous year. There were 25 homes sold in Chicago Lawn in the first quarter of 2017.

The median sales tax in Chicago Lawn for the most recent year with available data, 2017, was $2,140.20, approximately 1.8% of the median home sale price for the first quarter of 2018.

The following table compares Chicago Lawn 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)
Wrightwood393125.8%$122,000$112,5008.4%
Marquette Park6594-30.9%$120,000$81,25047.7%
Lawndale88853.5%$120,000$89,00034.8%
Washington Park201717.6%$120,000$110,0009.1%
Woodlawn5154-5.6%$119,000$150,750-21.1%
Chicago Lawn282512%$118,000$100,00018%
Morgan Park 585211.5%$114,250$137,500-16.9%
Oakland921-57.1%$113,000$110,0002.7%
Calumet Heights 8091-12.1%$110,500$83,00033.1%
East Garfield Park533647.2%$107,000$72,50047.6%
East Side4246-8.7%$100,000$93,0007.5%

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