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Chicago City Wire

Friday, April 26, 2024

Hyde Park home prices fall in December 2018

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The median sale price of a home sold in December 2018 in Hyde Park, a Chicago neighborhood, fell by $46,750 while total sales decreased by 6.7%, according to BlockShopper.com.

In December 2018, there were 14 homes sold, with a median sale price of $176,250 - a 21% decrease over the $223,000 median sale price for the same period of the previous year. There were 15 homes sold in Hyde Park in December 2017.

The median sales tax in Hyde Park for the most recent year with available data, 2017, was $3,185, approximately 1.8% of the median home sale price for December 2018.

The following table compares Hyde Park 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)
Brighton Park1517-11.8%$185,000$165,00012.1%
Little Village312619.2%$180,000$110,50062.9%
West Elsdon11683.3%$179,500$229,500-21.8%
South Loop 48764660.9%$177,000$298,750-40.8%
Wrightwood1418-22.2%$176,500$202,500-12.8%
Hyde Park1415-6.7%$176,250$223,000-21%
Edgewater 4352-17.3%$175,000$199,500-12.3%
Rogers Park463724.3%$175,000$193,500-9.6%
East Garfield Park201442.9%$173,500$145,00019.7%
Chicago Lawn1113-15.4%$170,000$159,0006.9%
East Merrionette Park13-66.7%$165,000$223,500-26.2%

ORGANIZATIONS IN THIS STORY

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