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Wednesday, November 27, 2024

Chicago Ridge home prices fall in the second quarter of 2019

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The median sale price of a home sold in the second quarter of 2019 in Chicago Ridge fell by $4,250 while total sales decreased by 1.8%, according to BlockShopper.com.

From April through June of 2019, there were 55 homes sold, with a median sale price of $114,000 - a 3.6% decrease over the $118,250 median sale price for the same period of the previous year. There were 56 homes sold in Chicago Ridge in the second quarter of 2018.

The median sales tax in Chicago Ridge for the most recent year with available data, 2018, was $3,084, approximately 2.7% of the median home sale price for the second quarter of 2019.

The following table compares Chicago Ridge to other Cook County cities with similar median sales prices in the second quarter of 2019:

CityApr. - June 2019 Home SalesApr. - June 2018 Home Sales% change (Total Home Sales)Apr. - June 2019 Median Sales PriceApr. - June 2018 Median Sales Price% change (Median Sales Price)
Hometown2231-29%$129,750$124,0004.6%
Glenwood3444-22.7%$127,250$104,25022.1%
Posen1618-11.1%$126,500$107,50017.7%
Country Club Hills5792-38%$123,500$104,50018.2%
Thornton201811.1%$114,000$109,0004.6%
Chicago Ridge5556-1.8%$114,000$118,250-3.6%
Steger1318-27.8%$110,000$52,500109.5%
Burnham11922.2%$110,000$60,00083.3%
Lansing150161-6.8%$110,000$115,000-4.3%
Hazel Crest5661-8.2%$106,000$83,00027.7%
Calumet Park1624-33.3%$97,000$65,25048.7%

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