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Wednesday, November 27, 2024

Merrionette Park home prices fall in the first half of 2019

Realestate1

The median sale price of a home sold in the first half of 2019 in Merrionette Park fell by $35,000 while total sales increased by 115.4%, according to BlockShopper.com.

From January through June of 2019, there were 28 homes sold, with a median sale price of $95,000 - a 26.9% decrease over the $130,000 median sale price for the same period of the previous year. There were 13 homes sold in Merrionette Park in the first half of 2018.

The median sales tax in Merrionette Park for the most recent year with available data, 2018, was $2,729, approximately 2.9% of the median home sale price for the first half of 2019.

The following table compares Merrionette Park 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)
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%
Dolton2092052%$95,000$60,00058.3%
Merrionette Park2813115.4%$95,000$130,000-26.9%
Calumet Park3455-38.2%$84,000$74,00013.5%
Calumet City239256-6.6%$77,500$72,0007.6%
Burnham21205%$77,000$60,50027.3%
Chicago Heights143166-13.9%$74,500$82,000-9.1%
South Chicago Heights2729-6.9%$73,000$74,000-1.4%

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