Evergreen Park Home Prices Drop 9.6 Percent

Single-family home prices fell last year in most Chicago-area towns, with Evergreen Park falling the most among South Chicago area Patch towns.

According to Crain's Chicago Business, 238 of 252 Chicago-area zip codes tracked by Fiserv Inc. saw their home prices fall in 2010, with the overall drop being about 5.2 percent. Evergreen Park's home prices dipped 9.6 percent.

See below for a chart of the sales price drops for all area Patch towns and other towns close to Evergreen Park.

In a video covering the prices drops, a Crain's reporter said the biggest declines were in the city's southside neighborhoods. South suburban Harvey suffered the biggest drop, 19.6%.

Other Southland towns close to Evergreen Park showed similar decreases, including Oak Lawn (8.7 percent); Burbank (8.2 percent); Chicago Ridge and Worth (7.3 percent); Alsip (7.1 percent); Blue Island (9.4 percent); Riverdale (8.8 percent); Dolton (7.8 percent); and Calumet City (8.5 percent).

Only three towns in suburban Cook showed an increase in home prices. Park Forest showed the largest gain in home prices at 1.5 percent, followed by Buffalo Grove (1.3 percent) and Western Springs (.30 percent). and Buffalo Grove (1.3 percent).

The future should be brighter, though. According to Crain's, Fiserv predicts a fractional decrease in sale prices this year and an average 3.4 percent increase in 2012.

Percentage Drop