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Thursday, April 18, 2024

Forest Glen home prices rise in December 2018

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The median sale price of a home sold in December 2018 in Forest Glen, a Chicago neighborhood, rose by $318,000 while total sales decreased by 60%, according to BlockShopper.com.

In December 2018, there were two homes sold, with a median sale price of $426,000 - a 294.4% increase over the $108,000 median sale price for the same period of the previous year. There were five homes sold in Forest Glen in December 2017.

The median sales tax in Forest Glen for the most recent year with available data, 2017, was $3,540, approximately 0.8% of the median home sale price for December 2018.

The following table compares Forest Glen to other Chicago neighborhood with similar median sales prices in December 2018:

NeighborhoodDec. 2018 Home SalesDec. 2017 Home Sales% change (Total Home Sales)Dec. 2018 Median Sales PriceDec. 2017 Median Sales Price% change (Median Sales Price)
Lincoln Square330%$470,000$703,000-33.1%
Edgebrook10825%$465,000$465,0000%
Logan Square7283-13.3%$440,000$407,0008.1%
West Town1530-50%$437,500$493,500-11.3%
Mayfair48-50%$433,750$318,00036.4%
Forest Glen25-60%$426,000$108,000294.4%
Lakeview 8194-13.8%$421,500$473,500-11%
Andersonville 1015-33.3%$420,000$470,000-10.6%
Avondale161233.3%$392,500$352,50011.3%
Bridgeport2231-29%$376,500$340,00010.7%
Near West Side2440-40%$374,500$357,5004.8%

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