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Chicago City Wire

Thursday, April 25, 2024

Morgan Park home prices fall in May 2019

Realestate1

The median sale price of a home sold in May 2019 in Morgan Park, a Chicago neighborhood, fell by $42,000 while total sales decreased by 2.9%, according to BlockShopper.com.

In May 2019, there were 33 homes sold, with a median sale price of $190,000 - a 18.1% decrease over the $232,000 median sale price for the same period of the previous year. There were 34 homes sold in Morgan Park in May 2018.

The median sales tax in Morgan Park for the most recent year with available data, 2018, was $2,609, approximately 1.4% of the median home sale price for May 2019.

The following table compares Morgan 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)
West Rogers Park5771-19.7%$205,000$202,0001.5%
West Lawn2024-16.7%$204,000$207,500-1.7%
Canaryville/Fuller Park34-25%$200,000$102,50095.1%
O'Hare11837.5%$193,500$217,000-10.8%
East Garfield Park17166.3%$190,000$117,50061.7%
Morgan Park 3334-2.9%$190,000$232,000-18.1%
Chicago Lawn910-10%$185,000$150,50022.9%
Ashburn 201442.9%$176,000$155,00013.5%
Rogers Park714847.9%$175,000$192,500-9.1%
Wrightwood910-10%$175,000$153,00014.4%
Austin 706016.7%$171,000$144,00018.8%

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