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Chicago City Wire

Wednesday, April 24, 2024

Calumet Heights 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 Calumet Heights, a Chicago neighborhood, rose by $39,500 while total sales decreased by 9.1%, according to BlockShopper.com.

From January through June of 2019, there were 170 homes sold, with a median sale price of $135,000 - a 41.4% increase over the $95,500 median sale price for the same period of the previous year. There were 187 homes sold in Calumet Heights in the first half of 2018.

The median sales tax in Calumet Heights for the most recent year with available data, 2018, was $1,974, approximately 1.5% of the median home sale price for the first half of 2019.

The following table compares Calumet Heights 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)
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%
Oakland443718.9%$125,000$160,000-21.9%
Hegewisch554231%$124,000$125,000-0.8%
West Garfield Park80791.3%$119,000$78,00052.6%
Gresham309335-7.8%$115,000$87,00032.2%

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