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Saturday, April 20, 2024

Union Ridge home prices fall in December 2018

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The median sale price of a home sold in December 2018 in Union Ridge, a Chicago neighborhood, fell by $15,500 while total sales decreased by 77.8%, according to BlockShopper.com.

In December 2018, there were two homes sold, with a median sale price of $215,000 - a 6.7% decrease over the $230,500 median sale price for the same period of the previous year. There were nine homes sold in Union Ridge in December 2017.

The median sales tax in Union Ridge for the most recent year with available data, 2017, was $3,925, approximately 1.8% of the median home sale price for December 2018.

The following table compares Union Ridge 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)
West Lawn1933-42.4%$227,000$170,00033.5%
Garfield Ridge34319.7%$226,500$230,000-1.5%
Bronzeville2232-31.3%$222,500$252,500-11.9%
Hermosa 1620-20%$222,500$271,750-18.1%
Big Oaks36-50%$218,000$301,500-27.7%
Union Ridge29-77.8%$215,000$230,500-6.7%
Clearing1722-22.7%$215,000$196,5009.4%
Boystown2040-50%$212,500$232,000-8.4%
Tri-Taylor4333.3%$212,500$225,000-5.6%
Archer Heights612-50%$210,000$161,50030%
Canaryville/Fuller Park8714.3%$190,000$290,000-34.5%

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