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Chicago City Wire

Saturday, November 2, 2024

April: Home prices in Back of the Yards fell

Realestate5

The median sale price of a home sold in April in Back of the Yards, a Chicago neighborhood, fell by $20,250 while total sales decreased by 61.1 percent, according to BlockShopper.com.

In April, there were seven homes sold, with a median sale price of $77,500 - a 20.7 percent decrease from the $97,750 median sale price for the same period of the previous year. There were 18 homes sold in Back of the Yards in April 2021.

The median sales tax in Back of the Yards for the most recent year with available data, 2019, was $1,366, approximately 1.8 percent of the median home sale price for April.

The following table compares Back of the Yards 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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