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Saturday, January 18, 2020

Washington Park home prices rise in the first half of 2018

Real Estate

By Local Labs News Service | Jul 14, 2018

Re 4

The median sale price of a home sold in the first half of 2018 in Washington Park, a Chicago neighborhood, rose by $51,000 while total sales increased by 27.8%, according to BlockShopper.com.

From January through June of 2018, there were 46 homes sold, with a median sale price of $132,500 - a 62.6% increase over the $81,500 median sale price for the same period of the previous year. There were 36 homes sold in Washington Park in the first half of 2017.

The median sales tax in Washington Park for the most recent year with available data, 2017, was $2,086, approximately 1.6% of the median home sale price for the first half of 2018.

The following table compares Washington Park 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)
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%
Marquette Park
151
174
-13.2%
$130,000
$100,500
29.4%
East Merrionette Park
13
13
0%
$130,000
$125,000
4%
Hegewisch
42
38
10.5%
$125,000
$125,000
0%
Chicago Lawn
53
49
8.2%
$122,000
$100,000
22%
Lawndale
200
176
13.6%
$120,000
$86,500
38.7%

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