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Saturday, January 18, 2020

Morgan Park home prices rise in June 2019

Real Estate

By Local Labs News Service | Jul 7, 2019

Re 12

The median sale price of a home sold in June 2019 in Morgan Park, a Chicago neighborhood, rose by $31,250 while total sales decreased by 34.4%, according to BlockShopper.com.

In June 2019, there were 21 homes sold, with a median sale price of $198,000 - a 18.7% increase over the $166,750 median sale price for the same period of the previous year. There were 32 homes sold in Morgan Park in June 2018.

The median sales tax in Morgan Park for the most recent year with available data, 2018, was $2,609, approximately 1.3% of the median home sale price for June 2019.

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

Neighborhood
June 2019 Home Sales
June 2018 Home Sales
% change (Total Home Sales)
June 2019 Median Sales Price
June 2018 Median Sales Price
% change (Median Sales Price)
Brighton Park
25
23
8.7%
$220,000
$210,000
4.8%
Austin
40
60
-33.3%
$213,500
$137,500
55.3%
Oriole Park
10
10
0%
$212,500
$306,500
-30.7%
Woodlawn
12
40
-70%
$201,250
$186,250
8.1%
Edgewater
65
67
-3%
$199,000
$267,000
-25.5%
Morgan Park
21
32
-34.4%
$198,000
$166,750
18.7%
O'Hare
9
9
0%
$196,000
$356,000
-44.9%
Little Village
18
27
-33.3%
$193,500
$148,500
30.3%
Scottsdale
15
17
-11.8%
$189,500
$212,000
-10.6%
Wrightwood
10
11
-9.1%
$184,500
$128,000
44.1%
Lawndale
35
28
25%
$175,000
$133,750
30.8%

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