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Saturday, January 18, 2020

Austin home prices rise in the first half of 2018

Real Estate

By Local Labs News Service | Jul 14, 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:

Neighborhood
Jan. - June 2018 Home Sales
Jan. - June 2017 Home Sales
% change (Total Home Sales)
Jan. - June 2018 Median Sales Price
Jan. - June 2017 Median Sales Price
% change (Median Sales Price)
Canaryville/Fuller Park
35
40
-12.5%
$160,000
$141,500
13.1%
Oakland
37
45
-17.8%
$160,000
$110,000
45.5%
Morgan Park
141
114
23.7%
$155,000
$160,500
-3.4%
East Garfield Park
114
86
32.6%
$142,250
$93,250
52.5%
Little Village
123
123
0%
$142,000
$128,000
10.9%
Austin
347
305
13.8%
$137,500
$110,000
25%
Chatham
94
124
-24.2%
$137,000
$119,000
15.1%
Wrightwood
74
55
34.5%
$136,000
$129,000
5.4%
Gage Park
99
82
20.7%
$135,000
$153,500
-12.1%
Woodlawn
132
117
12.8%
$134,750
$155,000
-13.1%
Washington Park
46
36
27.8%
$132,500
$81,500
62.6%

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