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Chicago City Wire

Thursday, April 25, 2024

South Shore home prices rise in August 2018

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The median sale price of a home sold in August 2018 in South Shore, a Chicago neighborhood, rose by $10,750 while total sales increased by 11.8%, according to BlockShopper.com.

In August 2018, there were 38 homes sold, with a median sale price of $161,750 - a 7.1% increase over the $151,000 median sale price for the same period of the previous year. There were 34 homes sold in South Shore in August 2017.

The median sales tax in South Shore for the most recent year with available data, 2017, was $2,096, approximately 1.3% of the median home sale price for August 2018.

The following table compares South Shore 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)
Edgewater 93903.3%$180,000$216,250-16.8%
Brighton Park301866.7%$180,000$159,50012.9%
Wrightwood187157.1%$167,500$130,00028.8%
Marquette Park3132-3.1%$163,000$144,00013.2%
Little Village2331-25.8%$162,000$145,00011.7%
South Shore383411.8%$161,750$151,0007.1%
Ashburn 1627-40.7%$151,000$173,000-12.7%
East Garfield Park1425-44%$148,750$132,00012.7%
Gage Park1617-5.9%$146,000$130,00012.3%
Lawndale2947-38.3%$140,000$91,50053%
Chatham271942.1%$135,500$85,00059.4%

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