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Chicago City Wire

Saturday, November 2, 2024

April: Lawndale experienced a 61.8% drop in median home prices

Realestate077

The median sale price of a home sold in April in Lawndale, a Chicago neighborhood, fell by $170,000 while total sales decreased by 94.1 percent, according to BlockShopper.com.

In April, there were three homes sold, with a median sale price of $105,000 - a 61.8 percent decrease from the $275,000 median sale price for the same period of the previous year. There were 51 homes sold in Lawndale in April 2021.

The median sales tax in Lawndale for the most recent year with available data, 2019, was $2,453, approximately 2.3 percent of the median home sale price for April.

The following table compares Lawndale 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)
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
Back of the Yards718-61.1$77,500$97,750-20.7

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