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Chicago City Wire

Thursday, April 18, 2024

South Shore home prices rise in February 2018

Realestate1

The median sale price of a home sold in February 2018 in South Shore, a Chicago neighborhood, rose by $46,500 while total sales decreased by 12.5%, according to BlockShopper.com.

In February 2018, there were 21 homes sold, with a median sale price of $115,000 - a 67.9% increase over the $68,500 median sale price for the same period of the previous year. There were 24 homes sold in South Shore in February 2017.

The median sales tax in South Shore for the most recent year with available data, 2017, was $2,096, approximately 1.8% of the median home sale price for February 2018.

The following table compares South Shore to other Chicago neighborhood with similar median sales prices in February 2018:

NeighborhoodFeb. 2018 Home SalesFeb. 2017 Home Sales% change (Total Home Sales)Feb. 2018 Median Sales PriceFeb. 2017 Median Sales Price% change (Median Sales Price)
Ashburn 141127.3%$125,750$197,500-36.3%
East Merrionette Park110%$122,000$145,000-15.9%
Oriole Park37-57.1%$122,000$305,000-60%
Edgewater 433716.2%$121,000$232,000-47.8%
Chatham20200%$119,500$161,250-25.9%
South Shore2124-12.5%$115,000$68,50067.9%
Oakland7475%$113,000$105,0007.6%
Canaryville/Fuller Park34-25%$112,500$113,250-0.7%
Woodlawn1120-45%$110,000$127,500-13.7%
Marquette Park2031-35.5%$108,250$69,50055.8%
Austin 453528.6%$102,500$100,0002.5%

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