Lindale Park Sales & Price Trends
This neighborhood is not very big, so home sales are never huge. They tend to fluctuate a lot though. You might find 6 or 8 homes for sale one month, and none a few months later. Recently sales have average only about 4 home sales per month. New homes are virtually non-existant.
The table below shows recent sales prices. See the link beneath it for more details.
Lindale Park Home Prices-2nd Half 2014 | |||||
Description | Price Range | House SF | Lot Size | Price/SF | DOM* |
1 Bath Homes | $174-$305K | 889-1789 SF | 5000-10,600 SF | $151-210/SF | 11 |
Avg. | $223K | 1204 SF | 7198 SF | $185/SF | |
2 Bath Homes | $215-413K | 1358-2534 SF | 3175-16,770 SF | $141-265/SF | 53 |
Avg. | $294K | 1737 SF | 8593 SF | $181/SF | |
* DOM = Days on Mkt. |
Year End 2014 Home Sales are discussed in this post. Recent prices have ranged from $175K (a home in need of remodeling) to over $400K.
Year 2013 Home Sales are in this older post.
Home Price Trends:
The table below shows that the average home sale price in Lindale Park has doubled between 2012 and 2014.
Year | # of Home Sales | Avg. Sold Price | Max. Sold Price |
2012 | 19 | $134K | $200K |
2013 | 39 | $185K | $271K |
2014 | 32 | $247K | $425K |
Note: Building Boom to come. I sold a big lot on Irvington Blvd. last year. The buyers just announced two new homes being built there (as of 3/20/15). This is going to be huge for the neighborhood. This will make other builders and buyers take a second look here. Lot prices will go up, just like they did in Oak Forest years ago.
Lindale Park Land Prices: (Early 2015)
New homes in this neighborhood are almost non-existent, as are vacant lots. However, several properties that are essentially tear-downs have sold. They could be remodeled, or demolished for new construction. Land prices are probably still $20/SF, but several are being offered at $25/SF. There are quite a few homes on 12,000 – 15,000 SF lots here. Buy one of these to build your dream house. Imagine what this would cost in the Heights, Oak Forest or Garden Oaks.
Anybody looking for a large lot to build on should buy here…now.
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