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Chicago City Wire

Thursday, April 25, 2024

Hegewisch home prices rise in May 2018

Realestate3

The median sale price of a home sold in May 2018 in Hegewisch, a Chicago neighborhood, rose by $22,500 while total sales decreased by 11.1%, according to BlockShopper.com.

In May 2018, there were eight homes sold, with a median sale price of $162,500 - a 16.1% increase over the $140,000 median sale price for the same period of the previous year. There were nine homes sold in Hegewisch in May 2017.

The median sales tax in Hegewisch for the most recent year with available data, 2017, was $2,073, approximately 1.3% of the median home sale price for May 2018.

The following table compares Hegewisch 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)
Woodlawn2023-13%$188,000$127,00048%
Marquette Park292611.5%$172,000$130,50031.8%
West Elsdon1015-33.3%$171,500$199,000-13.8%
Hyde Park2331-25.8%$170,000$209,000-18.7%
Scottsdale1430-53.3%$163,500$197,000-17%
Hegewisch89-11.1%$162,500$140,00016.1%
Chatham1121-47.6%$160,000$118,00035.6%
Ashburn 14140%$155,000$156,750-1.1%
Wrightwood10911.1%$153,000$184,000-16.8%
Chicago Lawn10825%$150,500$165,750-9.2%
Brighton Park1418-22.2%$150,500$134,00012.3%

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