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Chicago City Wire

Wednesday, April 24, 2024

Kenwood home prices rise in the second quarter of 2018

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The median sale price of a home sold in the second quarter of 2018 in Kenwood, a Chicago neighborhood, rose by $40,000 while total sales decreased by 20.5%, according to BlockShopper.com.

From April through June of 2018, there were 31 homes sold, with a median sale price of $316,000 - a 14.5% increase over the $276,000 median sale price for the same period of the previous year. There were 39 homes sold in Kenwood in the second quarter of 2017.

The median sales tax in Kenwood for the most recent year with available data, 2017, was $3,948.90, approximately 1.2% of the median home sale price for the second quarter of 2018.

The following table compares Kenwood to other Chicago neighborhood with similar median sales prices in the second quarter of 2018:

NeighborhoodApr. - June 2018 Home SalesApr. - June 2017 Home Sales% change (Total Home Sales)Apr. - June 2018 Median Sales PriceApr. - June 2017 Median Sales Price% change (Median Sales Price)
South Loop 255290-12.1%$325,000$335,000-3%
Near North133135-1.5%$322,000$318,0001.3%
Old Town86860%$320,750$378,750-15.3%
Portage Park211228-7.5%$320,000$310,0003.2%
Mayfair2831-9.7%$317,000$352,000-9.9%
Kenwood3139-20.5%$316,000$276,00014.5%
Big Oaks2231-29%$315,000$280,00012.5%
Norwood Park9499-5.1%$315,000$325,000-3.1%
Heart of Chicago1727-37%$300,000$229,00031%
Uptown138166-16.9%$300,000$244,50022.7%
Beverly 83812.5%$292,000$307,000-4.9%

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