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Wednesday, November 27, 2024

Oak Lawn home prices fall in the first half of 2019

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The median sale price of a home sold in the first half of 2019 in Oak Lawn fell by $9,500 while total sales decreased by 16.1%, according to BlockShopper.com.

From January through June of 2019, there were 449 homes sold, with a median sale price of $165,000 - a 5.4% decrease over the $174,500 median sale price for the same period of the previous year. There were 535 homes sold in Oak Lawn in the first half of 2018.

The median sales tax in Oak Lawn for the most recent year with available data, 2018, was $4,111, approximately 2.5% of the median home sale price for the first half of 2019.

The following table compares Oak Lawn to other Cook County cities with similar median sales prices in the first half of 2019:

CityJan. - June 2019 Home SalesJan. - June 2018 Home Sales% change (Total Home Sales)Jan. - June 2019 Median Sales PriceJan. - June 2018 Median Sales Price% change (Median Sales Price)
Northlake7481-8.6%$174,750$169,0003.4%
Schiller Park706311.1%$173,000$195,000-11.3%
Bellwood111112-0.9%$169,000$150,50012.3%
Stone Park189100%$167,500$163,0002.8%
Palos Hills134162-17.3%$167,500$160,0004.7%
Oak Lawn449535-16.1%$165,000$174,500-5.4%
Matteson147150-2%$165,000$143,50015%
Summit2943-32.6%$165,000$155,0006.5%
Lynwood53498.2%$158,000$162,000-2.5%
Maywood138158-12.7%$148,000$125,00018.4%
Midlothian112138-18.8%$145,500$133,2509.2%

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