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Chicago City Wire

Monday, November 25, 2024

What happened to the median home price in Bronzeville during April?

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The median sale price of a home sold in April in Bronzeville, a Chicago neighborhood, fell by $30,500 while total sales decreased by 92.7 percent, according to BlockShopper.com.

In April, there were three homes sold, with a median sale price of $215,000 - a 12.4 percent decrease from the $245,500 median sale price for the same period of the previous year. There were 41 homes sold in Bronzeville in April 2021.

The median sales tax in Bronzeville for the most recent year with available data, 2019, was $3,242, approximately 1.5 percent of the median home sale price for April.

The following table compares Bronzeville to other Chicago neighborhood with similar median sale prices in April:

NeighborhoodApril 2022 Home SalesApril 2021 Home Sales% change (Total Home Sales)April 2022 Median Sales PriceApril 2021 Median Sales Price% change (Median Sales Price)
West Elsdon414-71.4$227,250$239,750-5.2
Oriole Park113-92.3$227,000$312,000-27.2
Boystown4128-96.9$224,000$188,50018.8
West Englewood433-87.9$217,500$70,000210.7
Little Village627-77.8$217,250$195,00011.4
Bronzeville341-92.7$215,000$245,500-12.4
Chatham232-93.8$204,750$159,50028.4
East Side321-85.7$187,000$150,00024.7
West Pullman659-89.8$186,000$104,00078.8
Wrightwood311-72.7$180,000$175,0002.9
Austin 1265-81.5$180,000$265,000-32.1

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