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Monday, February 24, 2020

Englewood home prices rise in the third quarter of 2018

Real Estate

By Local Labs News Service | Oct 14, 2018

Re 8

The median sale price of a home sold in the third quarter of 2018 in Englewood, a Chicago neighborhood, rose by $12,500 while total sales increased by 10.5%, according to BlockShopper.com.

From July through September of 2018, there were 116 homes sold, with a median sale price of $40,000 - a 45.5% increase over the $27,500 median sale price for the same period of the previous year. There were 105 homes sold in Englewood in the third quarter of 2017.

The median sales tax in Englewood for the most recent year with available data, 2017, was $1,948, approximately 4.9% of the median home sale price for the third quarter of 2018.

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

Neighborhood
July - Sept. 2018 Home Sales
July - Sept. 2017 Home Sales
% change (Total Home Sales)
July - Sept. 2018 Median Sales Price
July - Sept. 2017 Median Sales Price
% change (Median Sales Price)
Brainerd
81
96
-15.6%
$86,000
$130,750
-34.2%
Roseland/Pullman
137
106
29.2%
$79,500
$54,750
45.2%
South Chicago
73
70
4.3%
$75,000
$55,750
34.5%
West Pullman
85
93
-8.6%
$70,000
$46,500
50.5%
South Deering
30
32
-6.3%
$65,500
$66,750
-1.9%
Washington Heights
16
17
-5.9%
$60,000
$33,000
81.8%
West Englewood
48
74
-35.1%
$48,500
$31,000
56.5%
East Merrionette Park
4
10
-60%
$45,000
$131,500
-65.8%
Englewood
116
105
10.5%
$40,000
$27,500
45.5%
East Chicago Heights
5
1
400%
$30,000
$19,000
57.9%
Riverdale/Altgeld Gardens
3
1
200%
$10,000
$10,000
0%

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