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Sunday, January 19, 2020

Calumet Heights home prices rise in the first half of 2018

Real Estate

By Local Labs News Service | Jul 14, 2018

Re 11

The median sale price of a home sold in the first half of 2018 in Calumet Heights, a Chicago neighborhood, rose by $11,500 while total sales decreased by 3.1%, according to BlockShopper.com.

From January through June of 2018, there were 187 homes sold, with a median sale price of $95,500 - a 13.7% increase over the $84,000 median sale price for the same period of the previous year. There were 193 homes sold in Calumet Heights in the first half of 2017.

The median sales tax in Calumet Heights for the most recent year with available data, 2017, was $2,096, approximately 2.2% of the median home sale price for the first half of 2018.

The following table compares Calumet Heights 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)
Chicago Lawn
53
49
8.2%
$122,000
$100,000
22%
Lawndale
200
176
13.6%
$120,000
$86,500
38.7%
West Hometown
32
22
45.5%
$119,500
$105,000
13.8%
South Shore
217
189
14.8%
$107,000
$85,000
25.9%
East Side
106
94
12.8%
$103,500
$94,000
10.1%
Calumet Heights
187
193
-3.1%
$95,500
$84,000
13.7%
Washington Heights
54
43
25.6%
$90,000
$71,000
26.8%
Gresham
335
268
25%
$87,000
$75,000
16%
Brainerd
170
171
-0.6%
$85,000
$100,000
-15%
South Chicago
156
125
24.8%
$85,000
$60,000
41.7%
West Garfield Park
79
63
25.4%
$78,000
$47,000
66%

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