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Saturday, April 20, 2024

Austin home prices rise in January 2020

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The median sale price of a home sold in January 2020 in Austin, a Chicago neighborhood, rose by $24,500 while total sales decreased by 2.1%, according to BlockShopper.com.

In January 2020, there were 47 homes sold, with a median sale price of $164,000 - a 17.6% increase over the $139,500 median sale price for the same period of the previous year. There were 48 homes sold in Austin in January 2019.

The median sales tax in Austin for the most recent year with available data, 2018, was $2,673, approximately 1.6% of the median home sale price for January 2020.

The following table compares Austin 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)
Marquette Park1822-18.2%$179,000$148,50020.5%
Edgewater 2650-48%$178,000$212,000-16%
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%

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