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Chicago City Wire

Sunday, November 24, 2024

How did home prices perform in Chicago Lawn during April?

Realestate2

The median sale price of a home sold in April in Chicago Lawn, a Chicago neighborhood, fell by $130,000 while total sales decreased by 40 percent, according to BlockShopper.com.

In April, there were three homes sold, with a median sale price of $125,000 - a 51 percent decrease from the $255,000 median sale price for the same period of the previous year. There were five homes sold in Chicago Lawn in April 2021.

The median sales tax in Chicago Lawn for the most recent year with available data, 2019, was $2,208, approximately 1.8 percent of the median home sale price for April.

The following table compares Chicago Lawn 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)
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
South Chicago 233-93.9$137,750$120,00014.8
Chicago Lawn35-40$125,000$255,000-51
Roseland/Pullman1379-83.5$120,000$109,5009.6
Pilsen18-87.5$120,000$520,500-76.9
Englewood1353-75.5$111,000$85,00030.6
Brainerd528-82.1$110,500$166,000-33.4
Washington Park34-25$110,000$146,000-24.7

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