The Morgan Park housing market is somewhat competitive. The median sale price of a home in Morgan Park was $240K last month, up 37.1% since last year. The median sale price per square foot in Morgan Park is $175, up 25.4% since last year.
What is the housing market like in Morgan Park today?
In April 2024, Morgan Park home prices were up 37.1% compared to last year, selling for a median price of $240K. On average, homes in Morgan Park sell after 72 days on the market compared to 64 days last year. There were 41 homes sold in April this year, down from 51 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$240,000
+37.1% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
Morgan Park, IL
$240,000
+37.1%
United States
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How hot is the Morgan Park housing market?
Morgan Park is somewhat competitive. Homes sell in 60 days.
0
100
45
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 3% below list price and go pending in around 60 days.
Hot homes
can sell for about 1% above list price and go pending in around 35 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Morgan Park housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Morgan Park.
Risk Factor
Flood Factor - Minor
21% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Morgan Park has a minor risk of flooding. 1,012 properties in Morgan Park are likely to be
severely affected
by flooding over the next 30 years. This represents 21% of all properties in Morgan Park. Flood risk is increasing slower than the national average.
Morgan Park has minimal risk of severe winds over the next 30 years
Wind Factor
Morgan Park has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.