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Thursday, April 25, 2024

South Shore home prices rise in June 2018

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The median sale price of a home sold in June 2018 in South Shore, a Chicago neighborhood, rose by $26,500 while total sales increased by 73.5%, according to BlockShopper.com.

In June 2018, there were 59 homes sold, with a median sale price of $95,000 - a 38.7% increase over the $68,500 median sale price for the same period of the previous year. There were 34 homes sold in South Shore in June 2017.

The median sales tax in South Shore for the most recent year with available data, 2017, was $2,096, approximately 2.2% of the median home sale price for June 2018.

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

NeighborhoodJune 2018 Home SalesJune 2017 Home Sales% change (Total Home Sales)June 2018 Median Sales PriceJune 2017 Median Sales Price% change (Median Sales Price)
Wrightwood111010%$128,000$175,000-26.9%
East Side281586.7%$121,500$99,50022.1%
Marquette Park2835-20%$121,500$130,000-6.5%
Calumet Heights 3241-22%$111,500$80,00039.4%
Chicago Lawn770%$96,000$144,000-33.3%
South Shore593473.5%$95,000$68,50038.7%
West Garfield Park191435.7%$90,000$53,00069.8%
Washington Heights714-50%$90,000$73,00023.3%
South Chicago 292138.1%$85,000$75,00013.3%
Brainerd3538-7.9%$82,000$118,500-30.8%
Burnside282416.7%$80,500$59,50035.3%

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