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Chicago City Wire

Friday, April 19, 2024

Kenwood home prices fall in August 2018

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The median sale price of a home sold in August 2018 in Kenwood, a Chicago neighborhood, fell by $43,750 while total sales decreased by 11.1%, according to BlockShopper.com.

In August 2018, there were eight homes sold, with a median sale price of $293,250 - a 13% decrease over the $337,000 median sale price for the same period of the previous year. There were nine homes sold in Kenwood in August 2017.

The median sales tax in Kenwood for the most recent year with available data, 2017, was $3,949, approximately 1.3% of the median home sale price for August 2018.

The following table compares Kenwood to other Chicago neighborhood with similar median sales prices in August 2018:

NeighborhoodAug. 2018 Home SalesAug. 2017 Home Sales% change (Total Home Sales)Aug. 2018 Median Sales PriceAug. 2017 Median Sales Price% change (Median Sales Price)
Old Town2030-33.3%$307,500$403,500-23.8%
Portage Park836822.1%$303,000$320,250-5.4%
Union Ridge660%$302,500$254,75018.7%
Washington Park613-53.8%$300,500$130,000131.2%
Norwood Park2845-37.8%$297,500$345,000-13.8%
Kenwood89-11.1%$293,250$337,000-13%
Pilsen14137.7%$290,500$296,000-1.9%
Oriole Park231291.7%$290,000$243,75019%
North Park201811.1%$288,250$322,500-10.6%
Forest Glen25-60%$287,250$326,000-11.9%
Galewood922-59.1%$280,000$221,96226.1%

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