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Saturday, April 20, 2024

South Deering home prices rise in December 2018

Re 13

The median sale price of a home sold in December 2018 in South Deering, a Chicago neighborhood, rose by $37,500 while total sales increased by 55.6%, according to BlockShopper.com.

In December 2018, there were 14 homes sold, with a median sale price of $57,500 - a 187.5% increase over the $20,000 median sale price for the same period of the previous year. There were nine homes sold in South Deering in December 2017.

The median sales tax in South Deering for the most recent year with available data, 2017, was $1,403, approximately 2.4% of the median home sale price for December 2018.

The following table compares South Deering 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)
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%
South Chicago 242114.3%$65,000$70,000-7.1%
South Deering14955.6%$57,500$20,000187.5%
Back of the Yards1828-35.7%$56,500$65,000-13.1%
West Pullman35350%$46,000$35,00031.4%
West Englewood2736-25%$45,500$29,00056.9%
Englewood413228.1%$40,000$59,000-32.2%

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