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Chicago City Wire

Friday, April 26, 2024

Forest Glen home prices fall in August 2018

Realestate3

The median sale price of a home sold in August 2018 in Forest Glen, a Chicago neighborhood, fell by $38,750 while total sales decreased by 60%, according to BlockShopper.com.

In August 2018, there were two homes sold, with a median sale price of $287,250 - a 11.9% decrease over the $326,000 median sale price for the same period of the previous year. There were five homes sold in Forest Glen in August 2017.

The median sales tax in Forest Glen for the most recent year with available data, 2017, was $3,540, approximately 1.2% of the median home sale price for August 2018.

The following table compares Forest Glen 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)
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%
Humboldt Park 4654-14.8%$277,500$260,0006.7%
Chinatown38-62.5%$270,000$297,500-9.2%
Streeterville1115-26.7%$270,000$398,500-32.2%
McKinley Park131030%$270,000$230,75017%

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