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Chicago City Wire

Wednesday, April 24, 2024

Chicago Lawn home prices fall in January 2020

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The median sale price of a home sold in January 2020 in Chicago Lawn, a Chicago neighborhood, fell by $32,500 while total sales decreased by 33.3%, according to BlockShopper.com.

In January 2020, there were four homes sold, with a median sale price of $155,000 - a 17.3% decrease over the $187,500 median sale price for the same period of the previous year. There were six homes sold in Chicago Lawn in January 2019.

The median sales tax in Chicago Lawn for the most recent year with available data, 2018, was $2,185, approximately 1.4% of the median home sale price for January 2020.

The following table compares Chicago Lawn 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)
Heart of Chicago212-83.3%$177,500$272,500-34.9%
East Garfield Park231827.8%$175,500$139,50025.8%
Oriole Park440%$169,250$257,500-34.3%
Austin 4748-2.1%$164,000$139,50017.6%
East Side815-46.7%$158,500$133,00019.2%
Chicago Lawn46-33.3%$155,000$187,500-17.3%
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%

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