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Chicago City Wire

Sunday, November 24, 2024

Home prices increased in Greater Grand Crossing during April

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The median sale price of a home sold in April in Greater Grand Crossing, a Chicago neighborhood, rose by $23,500 while total sales decreased by 84.6 percent, according to BlockShopper.com.

In April, there were eight homes sold, with a median sale price of $165,500 - a 16.5 percent increase over the $142,000 median sale price for the same period of the previous year. There were 52 homes sold in Greater Grand Crossing in April 2021.

The median sales tax in Greater Grand Crossing for the most recent year with available data, 2019, was $2,471, approximately 1.5 percent of the median home sale price for April.

The following table compares Greater Grand Crossing 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)
Wrightwood311-72.7$180,000$175,0002.9
Austin 1265-81.5$180,000$265,000-32.1
Buena Park334-91.2$178,000$247,500-28.1
West Hometown117-94.1$175,000$165,0006.1
Canaryville/Fuller Park26-66.7$173,750$334,750-48.1
Greater Grand Crossing852-84.6$165,500$142,00016.5
Rogers Park278-97.4$162,250$215,000-24.5
East Garfield Park225-92$157,500$225,000-30
Burnside137-97.3$155,000$150,0003.3
Morgan Park 435-88.6$152,000$235,000-35.3
Marquette Park337-91.9$144,500$200,000-27.8

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