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Chicago City Wire

Friday, April 19, 2024

Chatham home prices fall in December 2018

Realestate077

The median sale price of a home sold in December 2018 in Chatham, a Chicago neighborhood, fell by $78,500 while total sales increased by 41.7%, according to BlockShopper.com.

In December 2018, there were 17 homes sold, with a median sale price of $125,000 - a 38.6% decrease over the $203,500 median sale price for the same period of the previous year. There were 12 homes sold in Chatham in December 2017.

The median sales tax in Chatham for the most recent year with available data, 2017, was $2,435, approximately 1.9% of the median home sale price for December 2018.

The following table compares Chatham 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)
Hegewisch9812.5%$143,500$107,50033.5%
Woodlawn1821-14.3%$137,000$120,00014.2%
Lawndale3439-12.8%$134,250$82,00063.7%
Oakland36-50%$129,000$114,50012.7%
West Hometown6520%$128,500$118,0008.9%
Chatham171241.7%$125,000$203,500-38.6%
Brainerd29277.4%$120,000$60,50098.3%
East Side1319-31.6%$115,000$99,45015.6%
Calumet Heights 3236-11.1%$115,000$131,000-12.2%
Marquette Park353016.7%$113,000$125,750-10.1%
South Shore40400%$102,500$78,50030.6%

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