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Thursday, April 25, 2024

Chicago Ridge home prices rise in May 2018

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The median sale price of a home sold in May 2018 in Chicago Ridge rose by $1,500 while total sales increased by 140%, according to BlockShopper.com.

In May 2018, there were 24 homes sold, with a median sale price of $109,000 - a 1.4% increase over the $107,500 median sale price for the same period of the previous year. There were 10 homes sold in Chicago Ridge in May 2017.

The median sales tax in Chicago Ridge for the most recent year with available data, 2017, was $3,147, approximately 2.9% of the median home sale price for May 2018.

The following table compares Chicago Ridge to other Cook County cities with similar median sales prices in May 2018:

CityMay 2018 Home SalesMay 2017 Home Sales% change (Total Home Sales)May 2018 Median Sales PriceMay 2017 Median Sales Price% change (Median Sales Price)
South Chicago Heights47-42.9%$120,000$83,00044.6%
Hometown10911.1%$119,500$102,50016.6%
Lansing5359-10.2%$116,000$77,00050.6%
Countryside8633.3%$116,000$111,0004.5%
Crestwood25238.7%$115,000$87,00032.2%
Chicago Ridge2410140%$109,000$107,5001.4%
Posen10666.7%$96,250$61,50056.5%
Glenwood1220-40%$95,500$69,50037.4%
Park Forest321877.8%$91,750$52,50074.8%
Blue Island1517-11.8%$90,000$130,000-30.8%
Calumet Park115120%$87,000$106,000-17.9%

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