Lincoln Park home prices rise in August 2020

Lincoln Park home prices rise in August 2020
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The median sale price of a home sold in August 2020 in Lincoln Park, a Chicago neighborhood, rose by $42,500 while total sales decreased by 23.8%, according to BlockShopper.com.

In August 2020, there were 99 homes sold, with a median sale price of $525,000 – a 8.8% increase over the $482,500 median sale price for the same period of the previous year. There were 130 homes sold in Lincoln Park in August 2019.

The median sales tax in Lincoln Park for the most recent year with available data, 2019, was $8,421, approximately 1.6% of the median home sale price for August 2020.

The following table compares Lincoln Park to other Chicago neighborhood with similar median sales prices in August 2020:

Neighborhood Aug. 2020 Home Sales Aug. 2019 Home Sales % change (Total Home Sales) Aug. 2020 Median Sales Price Aug. 2019 Median Sales Price % change (Median Sales Price)
North Center 15 28 -46.4% $559,000 $695,000 -19.6%
Streeterville 6 7 -14.3% $555,000 $340,000 63.2%
West Town 41 38 7.9% $555,000 $591,000 -6.1%
Andersonville 14 10 40% $540,000 $423,000 27.7%
Ukrainian Village 15 35 -57.1% $525,000 $565,000 -7.1%
Lincoln Park 99 130 -23.8% $525,000 $482,500 8.8%
Wrigleyville 22 18 22.2% $520,000 $536,250 -3%
Edgebrook 8 12 -33.3% $507,500 $490,000 3.6%
Irving Park 26 49 -46.9% $497,500 $405,000 22.8%
Old Town 14 158 -91.1% $496,500 $274,750 80.7%
Ravenswood 27 26 3.8% $495,000 $459,250 7.8%


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