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Thursday, April 9, 2020

Ridgewood home prices fall in the first half of 2018

Real Estate

By Local Labs News Service | Jul 14, 2018

Realestate1

The median sale price of a home sold in the first half of 2018 in Ridgewood fell by $16,500 while total sales decreased by 66.7%, according to BlockShopper.com.

From January through June of 2018, there were two homes sold, with a median sale price of $63,500 - a 20.6% decrease over the $80,000 median sale price for the same period of the previous year. There were six homes sold in Ridgewood in the first half of 2017.

The median sales tax in Ridgewood for the most recent year with available data, 2017, was $1,840, approximately 2.9% of the median home sale price for the first half of 2018.

The following table compares Ridgewood to other Will County cities with similar median sales prices in the first half of 2018:

City
Jan. - June 2018 Home Sales
Jan. - June 2017 Home Sales
% change (Total Home Sales)
Jan. - June 2018 Median Sales Price
Jan. - June 2017 Median Sales Price
% change (Median Sales Price)
Forest Manor
3
3
0%
$143,000
$259,900
-45%
Lakewood Shores
10
6
66.7%
$142,450
$80,634.50
76.7%
Preston Heights
6
14
-57.1%
$138,500
$59,500
132.8%
Rockdale
5
11
-54.5%
$135,200
$111,650
21.1%
Ingalls Park
17
25
-32%
$125,000
$79,000
58.2%
Wolf Creek Island
2
4
-50%
$110,000
$173,500
-36.6%
Steger
23
29
-20.7%
$90,550
$50,000
81.1%
Fairmont
7
12
-41.7%
$71,000
$38,000
86.8%
Park Forest
13
30
-56.7%
$70,000
$53,862.10
30%
Ridgewood
2
6
-66.7%
$63,500
$80,000
-20.6%
University Park
34
38
-10.5%
$56,800
$59,875.50
-5.1%

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