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Chicago City Wire

Thursday, November 21, 2024

Rising home prices in Englewood in April

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The median sale price of a home sold in April in Englewood, a Chicago neighborhood, rose by $26,000 while total sales decreased by 75.5 percent, according to BlockShopper.com.

In April, there were 13 homes sold, with a median sale price of $111,000 - a 30.6 percent increase over the $85,000 median sale price for the same period of the previous year. There were 53 homes sold in Englewood in April 2021.

The median sales tax in Englewood for the most recent year with available data, 2019, was $1,239, approximately 1.1 percent of the median home sale price for April.

The following table compares Englewood 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)
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
Lawndale351-94.1$105,000$275,000-61.8
Gage Park112-91.7$105,000$220,000-52.3
Gresham960-85$95,000$188,500-49.6

ORGANIZATIONS IN THIS STORY

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