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Thursday, April 25, 2024

Washington Heights home prices fall in December 2018

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The median sale price of a home sold in December 2018 in Washington Heights, a Chicago neighborhood, fell by $66,000 while total sales increased by 33.3%, according to BlockShopper.com.

In December 2018, there were eight homes sold, with a median sale price of $82,500 - a 44.4% decrease over the $148,500 median sale price for the same period of the previous year. There were six homes sold in Washington Heights in December 2017.

The median sales tax in Washington Heights for the most recent year with available data, 2017, was $1,800, approximately 2.2% of the median home sale price for December 2018.

The following table compares Washington Heights 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)
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%
West Garfield Park1115-26.7%$95,000$49,00093.9%
Washington Park9728.6%$94,000$85,00010.6%
Washington Heights8633.3%$82,500$148,500-44.4%
Morgan Park 271942.1%$80,000$190,000-57.9%
Gresham473823.7%$80,000$80,0000%
Burnside262313%$75,750$62,50021.2%
Greater Grand Crossing372927.6%$75,000$70,0007.1%
Roseland/Pullman564719.1%$75,000$59,00027.1%

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