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Wednesday, November 27, 2024

East 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 East Merrionette Park, a Chicago neighborhood, fell by $57,750 while total sales increased by 200%, according to BlockShopper.com.

From April through June of 2019, there were 18 homes sold, with a median sale price of $87,500 - a 39.8% decrease over the $145,250 median sale price for the same period of the previous year. There were six homes sold in East Merrionette Park in the second quarter of 2018.

The median sales tax in East Merrionette Park for the most recent year with available data, 2018, was $2,656, approximately 3% of the median home sale price for the second quarter of 2019.

The following table compares East Merrionette Park to other Chicago neighborhood with similar median sales prices in the second quarter of 2019:

NeighborhoodApr. - 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)
Greater Grand Crossing118139-15.1%$116,000$75,00054.7%
Gresham1871756.9%$115,000$90,00027.8%
East Side5364-17.2%$92,000$108,000-14.8%
West Garfield Park4548-6.3%$91,000$83,7508.7%
South Shore79123-35.8%$90,000$110,000-18.2%
East Merrionette Park186200%$87,500$145,250-39.8%
Roseland/Pullman139164-15.2%$82,000$60,75035%
Back of the Yards645712.3%$76,250$75,0001.7%
Burnside77718.5%$75,000$83,000-9.6%
West Pullman103106-2.8%$71,000$50,00042%
South Deering42420%$62,500$58,0007.8%

ORGANIZATIONS IN THIS STORY

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