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Wednesday, November 27, 2024

East Merrionette Park 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 East Merrionette Park, a Chicago neighborhood, fell by $37,000 while total sales increased by 107.7%, according to BlockShopper.com.

From January through June of 2019, there were 27 homes sold, with a median sale price of $93,000 - a 28.5% decrease over the $130,000 median sale price for the same period of the previous year. There were 13 homes sold in East Merrionette Park in the first half of 2018.

The median sales tax in East Merrionette Park for the most recent year with available data, 2018, was $2,656, approximately 2.9% of the median home sale price for the first half of 2019.

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

NeighborhoodJan. - 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)
Gresham309335-7.8%$115,000$87,00032.2%
Brainerd19017011.8%$112,000$85,00031.8%
Washington Park4546-2.2%$110,000$132,500-17%
East Side100106-5.7%$100,000$103,500-3.4%
Washington Heights4154-24.1%$94,000$90,0004.4%
East Merrionette Park2713107.7%$93,000$130,000-28.5%
South Shore166217-23.5%$89,000$107,000-16.8%
Greater Grand Crossing226249-9.2%$85,000$71,00019.7%
Back of the Yards1161160%$73,500$72,7501%
Burnside128129-0.8%$73,250$70,5003.9%
Roseland/Pullman287310-7.4%$68,000$60,25012.9%

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