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Thursday, April 18, 2024

Marquette Park home prices rise in May 2019

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The median sale price of a home sold in May 2019 in Marquette Park, a Chicago neighborhood, rose by $40,000 while total sales decreased by 34.5%, according to BlockShopper.com.

In May 2019, there were 19 homes sold, with a median sale price of $212,000 - a 23.3% increase over the $172,000 median sale price for the same period of the previous year. There were 29 homes sold in Marquette Park in May 2018.

The median sales tax in Marquette Park for the most recent year with available data, 2018, was $2,035, approximately 1% of the median home sale price for May 2019.

The following table compares Marquette Park to other Chicago neighborhood with similar median sales prices in May 2019:

NeighborhoodMay 2019 Home SalesMay 2018 Home Sales% change (Total Home Sales)May 2019 Median Sales PriceMay 2018 Median Sales Price% change (Median Sales Price)
Montclare1024-58.3%$240,750$290,000-17%
Chinatown10-$235,000$0-
Tri-Taylor550%$230,000$237,500-3.2%
Edgewater 66634.8%$217,000$207,0004.8%
West Elsdon121020%$213,000$171,50024.2%
Marquette Park1929-34.5%$212,000$172,00023.3%
Brighton Park181428.6%$211,000$150,50040.2%
Bronzeville2631-16.1%$210,000$220,000-4.5%
Scottsdale1314-7.1%$210,000$163,50028.4%
West Rogers Park5771-19.7%$205,000$202,0001.5%
West Lawn2024-16.7%$204,000$207,500-1.7%

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