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Chicago City Wire

Tuesday, April 23, 2024

Q3 real estate sales report: North Park

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Median prices declined in North Park over last year, and are down 4.6 percent over 10 years, adjusted for inflation, according to third quarter sales data collected by BlockShopper.com.

From July to September, 50 homes sold in North Park for a median price of $295,750. That's 7.7 percent lower than median home sale prices for the third quarter of 2017.

In the third quarter, 5 homes in North Park were in foreclosure.

Median property tax for homeowners in North Park was $5,507.55 in 2017 according to tax data from that year. That means homeowners pay 1.7 percent of their home's value in taxes.

Statewide, Illinois homeowners pay an effective property tax rate of 2.2 percent, according to a 2017 property tax analysis by ATTOM Data Solutions, ranking it second among U.S. states and the District of Columbia.

North Park real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
47
$310,050
-
2010
31
$228,000
-26.5%
2011
28
$194,360
-14.8%
2012
50
$191,023
-1.7%
2013
60
$266,220
39.4%
2014
43
$222,600
-16.4%
2015
78
$325,420
46.2%
2016
64
$325,500
0%
2017
45
$320,280
-1.6%
2018
50
$295,750
-7.7%

Median property tax
Median sale price
Effective property tax rate
2009
$5,485.26
$310,050
1.8%
2010
$3,548.13
$228,000
1.6%
2011
$5,402.78
$194,360
2.8%
2012
$3,993.28
$191,023
2.1%
2013
$4,757.48
$266,220
1.8%
2014
$3,377.30
$222,600
1.5%
2015
$5,181.27
$325,420
1.6%
2016
$5,819.54
$325,500
1.8%
2017
$5,507.55
$320,280
1.7%

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