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Saturday, April 20, 2024

Washington Park home prices fall in the second quarter of 2019

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The median sale price of a home sold in the second quarter of 2019 in Washington Park, a Chicago neighborhood, fell by $22,000 while total sales increased by 7.7%, according to BlockShopper.com.

From April through June of 2019, there were 28 homes sold, with a median sale price of $118,000 - a 15.7% decrease over the $140,000 median sale price for the same period of the previous year. There were 26 homes sold in Washington Park in the second quarter of 2018.

The median sales tax in Washington Park for the most recent year with available data, 2018, was $2,322, approximately 2% of the median home sale price for the second quarter of 2019.

The following table compares Washington Park to other Chicago neighborhood with similar median sales prices in the second quarter of 2019:

NeighborhoodApr. - June 2019 Home SalesApr. - June 2018 Home Sales% change (Total Home Sales)Apr. - June 2019 Median Sales PriceApr. - June 2018 Median Sales Price% change (Median Sales Price)
Lawndale108112-3.6%$140,000$120,00016.7%
West Hometown1219-36.8%$132,250$126,0005%
Oakland2128-25%$125,000$180,000-30.6%
Hegewisch332343.5%$124,000$136,000-8.8%
Washington Heights1825-28%$120,750$90,00034.2%
Washington Park28267.7%$118,000$140,000-15.7%
Greater Grand Crossing118139-15.1%$116,000$75,00054.7%
Gresham1871756.9%$115,000$90,00027.8%
East Side5364-17.2%$92,000$108,000-14.8%
West Garfield Park4548-6.3%$91,000$83,7508.7%
South Shore79123-35.8%$90,000$110,000-18.2%

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