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Sunday, November 24, 2024

Pricing for the median home in South Shore decreased during April

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The median sale price of a home sold in April in South Shore, a Chicago neighborhood, fell by $97,500 while total sales decreased by 75.6 percent, according to BlockShopper.com.

In April, there were 10 homes sold, with a median sale price of $82,500 - a 54.2 percent decrease from the $180,000 median sale price for the same period of the previous year. There were 41 homes sold in South Shore in April 2021.

The median sales tax in South Shore for the most recent year with available data, 2019, was $2,022, approximately 2.5 percent of the median home sale price for April.

The following table compares South Shore 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)
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
South Deering417-76.5$75,500$68,50010.2
Calumet Heights 523-78.3$70,000$250,000-72

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