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Friday, April 19, 2024

Mount Greenwood home prices rise in May 2018

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The median sale price of a home sold in May 2018 in Mount Greenwood, a Chicago neighborhood, rose by $30,250 while total sales increased by 19.2%, according to BlockShopper.com.

In May 2018, there were 31 homes sold, with a median sale price of $257,500 - a 13.3% increase over the $227,250 median sale price for the same period of the previous year. There were 26 homes sold in Mount Greenwood in May 2017.

The median sales tax in Mount Greenwood for the most recent year with available data, 2017, was $3,689, approximately 1.4% of the median home sale price for May 2018.

The following table compares Mount Greenwood to other Chicago neighborhood with similar median sales prices in May 2018:

NeighborhoodMay 2018 Home SalesMay 2017 Home Sales% change (Total Home Sales)May 2018 Median Sales PriceMay 2017 Median Sales Price% change (Median Sales Price)
Boystown5157-10.5%$275,000$230,00019.6%
Dunning595311.3%$269,000$270,000-0.4%
Galewood1516-6.3%$265,000$270,000-1.9%
Oriole Park12119.1%$262,000$290,000-9.7%
Union Ridge42100%$261,000$293,500-11.1%
Mount Greenwood312619.2%$257,500$227,25013.3%
Tri-Taylor550%$237,500$205,00015.9%
Morgan Park 343013.3%$232,000$167,50038.5%
Heart of Chicago113-92.3%$230,000$340,000-32.4%
Clearing2627-3.7%$226,500$216,5004.6%
Bronzeville31310%$220,000$232,000-5.2%

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