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Chicago City Wire

Friday, April 19, 2024

Gresham home prices rise in January 2018

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The median sale price of a home sold in January 2018 in Gresham, a Chicago neighborhood, rose by $5,500 while total sales increased by 48.7%, according to BlockShopper.com.

In January 2018, there were 58 homes sold, with a median sale price of $90,000 - a 6.5% increase over the $84,500 median sale price for the same period of the previous year. There were 39 homes sold in Gresham in January 2017.

The median sales tax in Gresham for the most recent year with available data, 2017, was $2,018, approximately 2.2% of the median home sale price for January 2018.

The following table compares Gresham to other Chicago neighborhood with similar median sales prices in January 2018:

NeighborhoodJan. 2018 Home SalesJan. 2017 Home Sales% change (Total Home Sales)Jan. 2018 Median Sales PriceJan. 2017 Median Sales Price% change (Median Sales Price)
Brainerd2024-16.7%$102,750$61,00068.4%
Calumet Heights 432572%$102,000$86,50017.9%
Canaryville/Fuller Park26-66.7%$95,000$169,000-43.8%
Chatham241471.4%$93,500$106,250-12%
East Merrionette Park220%$90,500$102,250-11.5%
Gresham583948.7%$90,000$84,5006.5%
East Side1722-22.7%$83,000$101,500-18.2%
Greater Grand Crossing2631-16.1%$82,500$67,00023.1%
Roseland/Pullman543554.3%$73,750$54,00036.6%
Back of the Yards331794.1%$73,000$48,00052.1%
Oakland17-85.7%$72,000$174,000-58.6%

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