Quantcast

Chicago City Wire

Thursday, April 25, 2024

Back of the Yards home prices rise in January 2020

Re 9

The median sale price of a home sold in January 2020 in Back of the Yards, a Chicago neighborhood, rose by $52,000 while total sales decreased by 11.1%, according to BlockShopper.com.

In January 2020, there were 16 homes sold, with a median sale price of $127,000 - a 69.3% increase over the $75,000 median sale price for the same period of the previous year. There were 18 homes sold in Back of the Yards in January 2019.

The median sales tax in Back of the Yards for the most recent year with available data, 2018, was $1,353, approximately 1.1% of the median home sale price for January 2020.

The following table compares Back of the Yards to other Chicago neighborhood with similar median sales prices in January 2020:

NeighborhoodJan. 2020 Home SalesJan. 2019 Home Sales% change (Total Home Sales)Jan. 2020 Median Sales PriceJan. 2019 Median Sales Price% change (Median Sales Price)
Brainerd292611.5%$150,000$81,00085.2%
Woodlawn1317-23.5%$150,000$165,000-9.1%
Lawndale3133-6.1%$145,000$146,000-0.7%
South Chicago 181250%$142,250$49,000190.3%
Hegewisch59-44.4%$133,000$160,000-16.9%
Back of the Yards1618-11.1%$127,000$75,00069.3%
Gresham322910.3%$117,500$115,0002.2%
West Hometown12-50%$116,000$142,750-18.7%
Calumet Heights 2231-29%$113,000$78,00044.9%
Burnside1618-11.1%$107,750$66,25062.6%
Roseland/Pullman514415.9%$99,000$56,00076.8%

MORE NEWS