Why Live in Morgan Park
Morgan Park, located 16 miles southwest of Downtown Chicago, is known for its beautiful architecture and community spirit. The neighborhood features a variety of home styles, including Georgian, Tudor Revival, Chicago brick bungalows, and ranch homes, with ivy-covered facades and brick streets adding to its charm. Homes are generally close together on smaller lots, with prices ranging from under $10,000 for lots or homes needing rehab to over $400,000 for larger, newly built houses. Morgan Park Academy, a private school with an A-plus rating, serves students from kindergarten through twelfth grade. The area is safer than the national average, contributing to its appeal for families.
Residents enjoy numerous parks, such as the 5-acre Blackwelder Park and the 18.44-acre Kennedy Park, which offers sports fields, a roller rink, and an outdoor swimming pool. The Edna White Community Garden hosts seasonal activities, and the Beverly Arts Center provides a theater, art gallery, and music and dance studios. For shopping and dining, Marshfield Plaza features retailers like Walgreens and Jewel-Osco, while Western Avenue offers local favorites like Home Run Inn Pizzeria and Let’s Get Poppin. Creative Sippin provides evening art classes paired with wine. Public transportation is convenient with three Metra stations and several bus lines, and Interstate 57 runs through the eastern part of the neighborhood.
Home Trends in Morgan Park, IL
On average, homes in Morgan Park, Chicago sell after 39 days on the market compared to the national average of 51 days. The median sale price for homes in Morgan Park, Chicago over the last 12 months is $259,000, up 15% from the median home sale price over the previous 12 months.
Median Sale Price
$259,000
Median Single Family Sale Price
$279,500
Median Townhouse Sale Price
$159,000
Median 2 Bedroom Sale Price
$134,500
Median 1 Bedroom Sale Price
$114,500
Average Price Per Sq Ft
$182
Number of Homes for Sale
35
Last 12 months Home Sales
189
Median List Price
$262,450
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
15%