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Chicago City Wire

Thursday, October 17, 2019

Union Ridge home prices fall in July 2018

Real Estate

By Local Labs News Service | Aug 7, 2018


The median sale price of a home sold in July 2018 in Union Ridge, a Chicago neighborhood, fell by $21,250 while total sales remained unchanged with 10 homes sold, according to BlockShopper.com.

In July 2018, there were 10 homes sold, with a median sale price of $268,750 - a 7.3% decrease over the $290,000 median sale price for the same period of the previous year. There were 10 homes sold in Union Ridge in July 2017, as well.

The median sales tax in Union Ridge for the most recent year with available data, 2017, was $3,925, approximately 1.5% of the median home sale price for July 2018.

The following table compares Union Ridge to other Chicago neighborhood with similar median sales prices in July 2018:

Neighborhood
July 2018 Home Sales
July 2017 Home Sales
% change (Total Home Sales)
July 2018 Median Sales Price
July 2017 Median Sales Price
% change (Median Sales Price)
Hermosa
17
14
21.4%
$285,000
$262,500
8.6%
Belmont/Cragin
27
45
-40%
$285,000
$250,000
14%
West Rogers Park
76
71
7%
$272,500
$250,000
9%
Kenwood
18
8
125%
$271,000
$354,500
-23.6%
Big Oaks
8
12
-33.3%
$270,750
$267,500
1.2%
Union Ridge
10
10
0%
$268,750
$290,000
-7.3%
Galewood
11
10
10%
$265,000
$193,500
37%
Dunning
73
59
23.7%
$265,000
$255,000
3.9%
Tri-Taylor
5
3
66.7%
$265,000
$267,000
-0.7%
McKinley Park
13
10
30%
$258,000
$225,000
14.7%
Montclare
17
14
21.4%
$255,000
$236,000
8.1%

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