Chicago City Wire

Chicago City Wire

Saturday, October 19, 2019

Hegewisch home prices rise in December 2018

Real Estate

By Local Labs News Service | Jan 7, 2019


The median sale price of a home sold in December 2018 in Hegewisch, a Chicago neighborhood, rose by $36,000 while total sales increased by 12.5%, according to BlockShopper.com.

In December 2018, there were nine homes sold, with a median sale price of $143,500 - a 33.5% increase over the $107,500 median sale price for the same period of the previous year. There were eight homes sold in Hegewisch in December 2017.

The median sales tax in Hegewisch for the most recent year with available data, 2017, was $2,073, approximately 1.4% of the median home sale price for December 2018.

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

Neighborhood
Dec. 2018 Home Sales
Dec. 2017 Home Sales
% change (Total Home Sales)
Dec. 2018 Median Sales Price
Dec. 2017 Median Sales Price
% change (Median Sales Price)
Ashburn
15
23
-34.8%
$165,000
$159,000
3.8%
Uptown
29
30
-3.3%
$165,000
$291,750
-43.4%
Austin
59
54
9.3%
$160,000
$165,000
-3%
Gage Park
11
13
-15.4%
$159,000
$128,000
24.2%
Near North
244
26
838.5%
$148,500
$331,250
-55.2%
Hegewisch
9
8
12.5%
$143,500
$107,500
33.5%
Woodlawn
18
21
-14.3%
$137,000
$120,000
14.2%
Lawndale
34
39
-12.8%
$134,250
$82,000
63.7%
Oakland
3
6
-50%
$129,000
$114,500
12.7%
West Hometown
6
5
20%
$128,500
$118,000
8.9%
Chatham
17
12
41.7%
$125,000
$203,500
-38.6%

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