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Thursday, February 27, 2020

Humboldt Park home prices rise in the second quarter of 2018

Real Estate

By Local Labs News Service | Jul 14, 2018

Realestate2

The median sale price of a home sold in the second quarter of 2018 in Humboldt Park, a Chicago neighborhood, rose by $45,000 while total sales decreased by 4%, according to BlockShopper.com.

From April through June of 2018, there were 170 homes sold, with a median sale price of $330,000 - a 15.8% increase over the $285,000 median sale price for the same period of the previous year. There were 177 homes sold in Humboldt Park in the second quarter of 2017.

The median sales tax in Humboldt Park for the most recent year with available data, 2017, was $3,545.20, approximately 1.1% of the median home sale price for the second quarter of 2018.

The following table compares Humboldt Park to other Chicago neighborhood with similar median sales prices in the second quarter of 2018:

Neighborhood
Apr. - June 2018 Home Sales
Apr. - June 2017 Home Sales
% change (Total Home Sales)
Apr. - June 2018 Median Sales Price
Apr. - June 2017 Median Sales Price
% change (Median Sales Price)
North Park
53
46
15.2%
$350,000
$333,750
4.9%
University Village / Little Italy
56
55
1.8%
$350,000
$349,000
0.3%
Bridgeport
89
91
-2.2%
$343,000
$305,000
12.5%
Jefferson Park
108
108
0%
$342,500
$315,000
8.7%
Edison Park
63
53
18.9%
$340,000
$320,000
6.3%
Humboldt Park
170
177
-4%
$330,000
$285,000
15.8%
South Loop
255
290
-12.1%
$325,000
$335,000
-3%
Near North
133
135
-1.5%
$322,000
$318,000
1.3%
Old Town
86
86
0%
$320,750
$378,750
-15.3%
Portage Park
211
228
-7.5%
$320,000
$310,000
3.2%
Mayfair
28
31
-9.7%
$317,000
$352,000
-9.9%

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