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Chicago City Wire

Sunday, October 20, 2019

South Chicago home prices fall 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 South Chicago, a Chicago neighborhood, fell by $5,000 while total sales increased by 14.3%, according to BlockShopper.com.

In December 2018, there were 24 homes sold, with a median sale price of $65,000 - a 7.1% decrease over the $70,000 median sale price for the same period of the previous year. There were 21 homes sold in South Chicago in December 2017.

The median sales tax in South Chicago for the most recent year with available data, 2017, was $2,258, approximately 3.5% of the median home sale price for December 2018.

The following table compares South Chicago 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)
Morgan Park
27
19
42.1%
$80,000
$190,000
-57.9%
Gresham
47
38
23.7%
$80,000
$80,000
0%
Burnside
26
23
13%
$75,750
$62,500
21.2%
Greater Grand Crossing
37
29
27.6%
$75,000
$70,000
7.1%
Roseland/Pullman
56
47
19.1%
$75,000
$59,000
27.1%
South Chicago
24
21
14.3%
$65,000
$70,000
-7.1%
South Deering
14
9
55.6%
$57,500
$20,000
187.5%
Back of the Yards
18
28
-35.7%
$56,500
$65,000
-13.1%
West Pullman
35
35
0%
$46,000
$35,000
31.4%
West Englewood
27
36
-25%
$45,500
$29,000
56.9%
Englewood
41
32
28.1%
$40,000
$59,000
-32.2%

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