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Chicago City Wire

Tuesday, April 23, 2024

Austin home prices rise in the first half of 2018

Realestate5

The median sale price of a home sold in the first half of 2018 in Austin, a Chicago neighborhood, rose by $27,500 while total sales increased by 13.8%, according to BlockShopper.com.

From January through June of 2018, there were 347 homes sold, with a median sale price of $137,500 - a 25% increase over the $110,000 median sale price for the same period of the previous year. There were 305 homes sold in Austin in the first half of 2017.

The median sales tax in Austin for the most recent year with available data, 2017, was $2,680, approximately 1.9% of the median home sale price for the first half of 2018.

The following table compares Austin 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)
Canaryville/Fuller Park3540-12.5%$160,000$141,50013.1%
Oakland3745-17.8%$160,000$110,00045.5%
Morgan Park 14111423.7%$155,000$160,500-3.4%
East Garfield Park1148632.6%$142,250$93,25052.5%
Little Village1231230%$142,000$128,00010.9%
Austin 34730513.8%$137,500$110,00025%
Chatham94124-24.2%$137,000$119,00015.1%
Wrightwood745534.5%$136,000$129,0005.4%
Gage Park998220.7%$135,000$153,500-12.1%
Woodlawn13211712.8%$134,750$155,000-13.1%
Washington Park463627.8%$132,500$81,50062.6%

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