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Chicago City Wire

Wednesday, April 17, 2024

Montclare home prices rise in the first half of 2018

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The median sale price of a home sold in the first half of 2018 in Montclare, a Chicago neighborhood, rose by $27,000 while total sales increased by 5.1%, according to BlockShopper.com.

From January through June of 2018, there were 83 homes sold, with a median sale price of $257,000 - a 11.7% increase over the $230,000 median sale price for the same period of the previous year. There were 79 homes sold in Montclare in the first half of 2017.

The median sales tax in Montclare for the most recent year with available data, 2017, was $4,066, approximately 1.6% of the median home sale price for the first half of 2018.

The following table compares Montclare to other Chicago neighborhood with similar median sales prices in the first half of 2018:

NeighborhoodJan. - June 2018 Home SalesJan. - June 2017 Home Sales% change (Total Home Sales)Jan. - June 2018 Median Sales PriceJan. - June 2017 Median Sales Price% change (Median Sales Price)
Dunning281323-13%$265,000$240,00010.4%
Kenwood5557-3.5%$263,000$276,000-4.7%
Tri-Taylor181338.5%$263,000$220,50019.3%
Chinatown1117-35.3%$262,000$255,0002.7%
Oriole Park4156-26.8%$259,000$268,500-3.5%
Montclare83795.1%$257,000$230,00011.7%
O'Hare4566-31.8%$255,000$279,000-8.6%
Hermosa 1131039.7%$250,000$244,0002.5%
Forest Glen1622-27.3%$246,250$177,50038.7%
McKinley Park4147-12.8%$245,000$180,00036.1%
Buena Park141144-2.1%$239,000$230,2503.8%

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