|A former bank parking lot that took up the majority of the 4900 block of West Dakin has been transformed into nine new construction single family homes.|
A robust 453 single family homes were recorded closed on MREDLLC.com over 2018 (does not include off market closings which probably puts this over 500 closings). The median price for 2018 was about $320,000.
Median price is up 37% from 2012 and 87% since 2012.
The highest priced closed home was 4743 North London, Chicago IL 60630 at $679,000. The four bedrooms new construction home sits on a 25'x126' near the large Jefferson Memorial Park and the Jeff Park Metra. The lowest priced house sold for $140,000 cash. The traditional Chicago bungalow at 4544 North Laporte was thoroughly damaged by fire. Around 65 of the closed homes sold were new construction or gut rehabbed homes.
In 2015, 411 single family homes closed for a median price of $240,000.
In 2102, 355 single family homes closed with a median price of only $175,000!
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