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Chicago City Wire

Wednesday, April 24, 2024

South Chicago home prices fall in January 2018

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The median sale price of a home sold in January 2018 in South Chicago, a Chicago neighborhood, fell by $26,500 while total sales increased by 33.3%, according to BlockShopper.com.

In January 2018, there were 28 homes sold, with a median sale price of $62,500 - a 29.8% decrease over the $89,000 median sale price for the same period of the previous year. There were 21 homes sold in South Chicago in January 2017.

The median sales tax in South Chicago for the most recent year with available data, 2017, was $2,258, approximately 3.6% of the median home sale price for January 2018.

The following table compares South Chicago 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)
Back of the Yards331794.1%$73,000$48,00052.1%
Oakland17-85.7%$72,000$174,000-58.6%
West Hometown73133.3%$71,000$120,000-40.8%
Burnside241650%$70,000$62,50012%
Washington Heights104150%$66,000$113,000-41.6%
South Chicago 282133.3%$62,500$89,000-29.8%
West Pullman37348.8%$55,000$29,25088%
West Garfield Park10911.1%$46,500$33,00040.9%
West Englewood271668.8%$40,000$25,00060%
South Deering10742.9%$34,000$27,00025.9%
Englewood462676.9%$31,000$32,500-4.6%

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