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Chicago City Wire

Sunday, November 24, 2024

Home prices decreased in Washington Park during April

Realestate3

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Adobe Stock

The median sale price of a home sold in April in Washington Park, a Chicago neighborhood, fell by $36,000 while total sales decreased by 25 percent, according to BlockShopper.com.

In April, there were three homes sold, with a median sale price of $110,000 - a 24.7 percent decrease from the $146,000 median sale price for the same period of the previous year. There were four homes sold in Washington Park in April 2021.

The median sales tax in Washington Park for the most recent year with available data, 2019, was $2,228, approximately two percent of the median home sale price for April.

The following table compares Washington Park 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)
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
Hegewisch110-90$90,000$168,500-46.6
South Shore1041-75.6$82,500$180,000-54.2

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