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Friday, April 19, 2024

Chatham home prices rise in the first half of 2019

Realestate077

The median sale price of a home sold in the first half of 2019 in Chatham, a Chicago neighborhood, rose by $23,000 while total sales increased by 22.3%, according to BlockShopper.com.

From January through June of 2019, there were 115 homes sold, with a median sale price of $160,000 - a 16.8% increase over the $137,000 median sale price for the same period of the previous year. There were 94 homes sold in Chatham in the first half of 2018.

The median sales tax in Chatham for the most recent year with available data, 2018, was $2,182, approximately 1.4% of the median home sale price for the first half of 2019.

The following table compares Chatham to other Chicago neighborhood with similar median sales prices in the first half of 2019:

NeighborhoodJan. - June 2019 Home SalesJan. - June 2018 Home Sales% change (Total Home Sales)Jan. - June 2019 Median Sales PriceJan. - June 2018 Median Sales Price% change (Median Sales Price)
Gage Park7399-26.3%$170,000$135,00025.9%
Wrightwood6174-17.6%$170,000$136,00025%
Marquette Park132151-12.6%$165,750$130,00027.5%
Rogers Park29024319.3%$162,000$199,000-18.6%
Austin 308347-11.2%$160,000$137,50016.4%
Chatham1159422.3%$160,000$137,00016.8%
East Garfield Park94115-18.3%$152,500$144,5005.5%
Morgan Park 139141-1.4%$145,000$155,000-6.5%
Lawndale2182009%$141,500$120,00017.9%
Calumet Heights 170187-9.1%$135,000$95,50041.4%
West Hometown2232-31.3%$128,750$119,5007.7%

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