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Thursday, May 2, 2024

East Merrionette Park median home prices rose by 50.5% in August 2021

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Adobe Stock

The median sale price of a home sold in August 2021 in East Merrionette Park, a Chicago neighborhood, rose by $76,250 while total sales increased by 300%, according to BlockShopper.com.

In August 2021, there were eight homes sold, with a median sale price of $227,250 - a 50.5% increase over the $151,000 median sale price for the same period of the previous year. There were two homes sold in East Merrionette Park in August 2020.

The median sales tax in East Merrionette Park for the most recent year with available data, 2019, was $2,813, approximately 1.2% of the median home sale price for August 2021.

The following table compares East Merrionette Park to other Chicago neighborhood with similar median sale prices in August 2021:

NeighborhoodAug. 2021 Home SalesAug. 2020 Home Sales% change (Total Home Sales)Aug. 2021 Median Sales PriceAug. 2020 Median Sales Price% change (Median Sales Price)
Tri-Taylor71600%$245,000$740,000-66.9%
Clearing221822.2%$244,500$260,000-6%
Morgan Park 281764.7%$240,500$230,0004.6%
Lawndale392185.7%$235,000$237,500-1.1%
Gage Park14875%$229,000$204,50012%
East Merrionette Park82300%$227,250$151,00050.5%
Oakland123300%$225,000$100,000125%
Brighton Park235360%$222,000$245,000-9.4%
Chicago Lawn71600%$220,000$270,000-18.5%
Hyde Park4519136.8%$212,500$270,000-21.3%
Washington Park36-50%$200,000$68,250193%

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