Chicago Ridge home prices rise in July 2020

Medium realestate5

The median sale price of a home sold in July 2020 in Chicago Ridge rose by $128,750 while total sales decreased by 33.3%, according to

In July 2020, there were eight homes sold, with a median sale price of $213,500 - a 151.9% increase over the $84,750 median sale price for the same period of the previous year. There were 12 homes sold in Chicago Ridge in July 2019.

The median sales tax in Chicago Ridge for the most recent year with available data, 2019, was $3,131, approximately 1.5% of the median home sale price for July 2020.

The following table compares Chicago Ridge to other Cook County cities with similar median sales prices in July 2020:

CityJuly 2020 Home SalesJuly 2019 Home Sales% change (Total Home Sales)July 2020 Median Sales PriceJuly 2019 Median Sales Price% change (Median Sales Price)
Tinley Park3985-54.1%$225,000$205,0009.8%
Franklin Park835-77.1%$216,500$195,00011%
Stone Park23-33.3%$215,000$220,000-2.3%
Chicago Ridge812-33.3%$213,500$84,750151.9%
Hanover Park995-90.5%$212,000$111,50090.1%
Harwood Heights211-81.8%$207,500$275,000-24.5%

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