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Wednesday, November 27, 2024

Merrionette Park 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 Merrionette Park fell by $55,250 while total sales increased by 216.7%, according to BlockShopper.com.

From April through June of 2019, there were 19 homes sold, with a median sale price of $90,000 - a 38% decrease over the $145,250 median sale price for the same period of the previous year. There were six homes sold in Merrionette Park in the second quarter of 2018.

The median sales tax in Merrionette Park for the most recent year with available data, 2018, was $2,729, approximately 3% of the median home sale price for the second quarter of 2019.

The following table compares Merrionette Park 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)
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%
Dolton1169818.4%$94,250$55,00071.4%
Merrionette Park196216.7%$90,000$145,250-38%
Richton Park4154-24.1%$82,000$118,250-30.7%
Phoenix220%$80,500$29,000177.6%
Calumet City1371323.8%$77,000$75,5002%
Chicago Heights71701.4%$68,000$85,500-20.5%
Park Forest958215.9%$67,000$69,500-3.6%

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