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Thursday, February 27, 2020

Forest Glen home prices fall in the second quarter of 2018

Real Estate

By Local Labs News Service | Jul 14, 2018

Realestate5

The median sale price of a home sold in the second quarter of 2018 in Forest Glen, a Chicago neighborhood, fell by $53,750 while total sales decreased by 33.3%, according to BlockShopper.com.

From April through June of 2018, there were 10 homes sold, with a median sale price of $266,250 - a 16.8% decrease over the $320,000 median sale price for the same period of the previous year. There were 15 homes sold in Forest Glen in the second quarter of 2017.

The median sales tax in Forest Glen for the most recent year with available data, 2017, was $3,540.10, approximately 1.3% of the median home sale price for the second quarter of 2018.

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

Neighborhood
Apr. - June 2018 Home Sales
Apr. - June 2017 Home Sales
% change (Total Home Sales)
Apr. - June 2018 Median Sales Price
Apr. - June 2017 Median Sales Price
% change (Median Sales Price)
McKinley Park
25
25
0%
$275,000
$159,000
73%
The Loop
23
37
-37.8%
$275,000
$320,000
-14.1%
Galewood
40
47
-14.9%
$273,750
$244,000
12.2%
Albany Park
171
201
-14.9%
$270,000
$300,000
-10%
Dunning
182
162
12.3%
$269,500
$255,250
5.6%
Forest Glen
10
15
-33.3%
$266,250
$320,000
-16.8%
Tri-Taylor
13
11
18.2%
$265,000
$330,000
-19.7%
Montclare
43
47
-8.5%
$261,000
$230,000
13.5%
Hermosa
59
53
11.3%
$260,000
$250,000
4%
Buena Park
86
84
2.4%
$258,750
$230,250
12.4%
Boystown
145
294
-50.7%
$253,000
$234,750
7.8%

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