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Chicago City Wire

Friday, April 26, 2024

Hegewisch home prices fall in February 2018

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The median sale price of a home sold in February 2018 in Hegewisch, a Chicago neighborhood, fell by $5,000 while total sales increased by 33.3%, according to BlockShopper.com.

In February 2018, there were four homes sold, with a median sale price of $86,500 - a 5.5% decrease over the $91,500 median sale price for the same period of the previous year. There were three homes sold in Hegewisch in February 2017.

The median sales tax in Hegewisch for the most recent year with available data, 2017, was $2,073, approximately 2.4% of the median home sale price for February 2018.

The following table compares Hegewisch 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)
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%
East Side1315-13.3%$100,000$94,0006.4%
Hegewisch4333.3%$86,500$91,500-5.5%
Brainerd2122-4.5%$82,000$81,0001.2%
Gresham484311.6%$80,750$64,00026.2%
Morgan Park 16977.8%$80,000$218,500-63.4%
South Chicago 1621-23.8%$77,000$41,00087.8%
West Garfield Park151225%$75,000$47,50057.9%

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