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Thursday, October 17, 2019

Calumet Heights home prices rise in the first quarter of 2018

Real Estate

By Local Labs News Service | Apr 14, 2018


The median sale price of a home sold in the first quarter of 2018 in Calumet Heights, a Chicago neighborhood, rose by $27,500 while total sales decreased by 12.1%, according to BlockShopper.com.

From January through March of 2018, there were 80 homes sold, with a median sale price of $110,500 - a 33.1% increase over the $83,000 median sale price for the same period of the previous year. There were 91 homes sold in Calumet Heights in the first quarter of 2017.

The median sales tax in Calumet Heights for the most recent year with available data, 2017, was $2,096.40, approximately 1.9% of the median home sale price for the first quarter of 2018.

The following table compares Calumet 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)
Washington Park
20
17
17.6%
$120,000
$110,000
9.1%
Woodlawn
51
54
-5.6%
$119,000
$150,750
-21.1%
Chicago Lawn
28
25
12%
$118,000
$100,000
18%
Morgan Park
58
52
11.5%
$114,250
$137,500
-16.9%
Oakland
9
21
-57.1%
$113,000
$110,000
2.7%
Calumet Heights
80
91
-12.1%
$110,500
$83,000
33.1%
East Garfield Park
53
36
47.2%
$107,000
$72,500
47.6%
East Side
42
46
-8.7%
$100,000
$93,000
7.5%
Hegewisch
19
15
26.7%
$100,000
$127,000
-21.3%
South Shore
94
93
1.1%
$95,250
$93,000
2.4%
Washington Heights
29
13
123.1%
$90,000
$60,000
50%

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