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Wednesday, November 27, 2024

Lansing 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 Lansing fell by $2,250 while total sales decreased by 0.8%, according to BlockShopper.com.

From January through June of 2019, there were 264 homes sold, with a median sale price of $112,750 - a 2% decrease over the $115,000 median sale price for the same period of the previous year. There were 266 homes sold in Lansing in the first half of 2018.

The median sales tax in Lansing for the most recent year with available data, 2018, was $3,727, approximately 3.3% of the median home sale price for the first half of 2019.

The following table compares Lansing 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)
Glenwood6370-10%$120,000$107,75011.4%
Country Club Hills118179-34.1%$120,000$109,5009.6%
Posen2936-19.4%$120,000$107,50011.6%
Bedford Park67-14.3%$118,250$210,000-43.7%
Chicago Ridge8591-6.6%$114,000$118,000-3.4%
Lansing264266-0.8%$112,750$115,000-2%
Richton Park85102-16.7%$110,000$124,500-11.6%
Crestwood103122-15.6%$110,000$114,000-3.5%
Thornton26260%$109,250$87,00025.6%
Steger2227-18.5%$100,000$90,00011.1%
Hazel Crest1081080%$97,750$83,50017.1%

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