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Thursday, October 17, 2019

O'Hare home prices fall in August 2018

Real Estate

By Local Labs News Service | Sep 7, 2018


The median sale price of a home sold in August 2018 in O'Hare, a Chicago neighborhood, fell by $26,000 while total sales remained unchanged with eight homes sold, according to BlockShopper.com.

In August 2018, there were eight homes sold, with a median sale price of $208,750 - a 11.1% decrease over the $234,750 median sale price for the same period of the previous year. There were eight homes sold in O'Hare in August 2017, as well.

The median sales tax in O'Hare for the most recent year with available data, 2017, was $4,045, approximately 1.9% of the median home sale price for August 2018.

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

Neighborhood
Aug. 2018 Home Sales
Aug. 2017 Home Sales
% change (Total Home Sales)
Aug. 2018 Median Sales Price
Aug. 2017 Median Sales Price
% change (Median Sales Price)
Archer Heights
11
12
-8.3%
$225,000
$224,000
0.4%
Hyde Park
31
33
-6.1%
$225,000
$248,000
-9.3%
Clearing
25
18
38.9%
$218,000
$232,500
-6.2%
Mount Greenwood
28
27
3.7%
$214,500
$245,000
-12.4%
West Elsdon
14
18
-22.2%
$209,000
$175,750
18.9%
O'Hare
8
8
0%
$208,750
$234,750
-11.1%
Morgan Park
22
17
29.4%
$206,500
$195,000
5.9%
Bronzeville
29
38
-23.7%
$200,000
$217,000
-7.8%
Boystown
43
63
-31.7%
$199,000
$261,000
-23.8%
Rogers Park
50
53
-5.7%
$198,750
$180,000
10.4%
West Lawn
30
20
50%
$195,000
$185,000
5.4%

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