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Chicago City Wire

Wednesday, July 2, 2025

Old Town home prices fall in the second quarter of 2018

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The median sale price of a home sold in the second quarter of 2018 in Old Town, a Chicago neighborhood, fell by $58,000 while total sales remained unchanged with 86 homes sold, according to BlockShopper.com.

From April through June of 2018, there were 86 homes sold, with a median sale price of $320,750 - a 15.3% decrease over the $378,750 median sale price for the same period of the previous year. There were 86 homes sold in Old Town in the second quarter of 2017, as well.

The median sales tax in Old Town for the most recent year with available data, 2017, was $4,622.70, approximately 1.4% of the median home sale price for the second quarter of 2018.

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

NeighborhoodApr. - June 2018 Home SalesApr. - June 2017 Home Sales% change (Total Home Sales)Apr. - June 2018 Median Sales PriceApr. - June 2017 Median Sales Price% change (Median Sales Price)
Jefferson Park1081080%$342,500$315,0008.7%
Edison Park635318.9%$340,000$320,0006.3%
Humboldt Park 170177-4%$330,000$285,00015.8%
South Loop 255290-12.1%$325,000$335,000-3%
Near North133135-1.5%$322,000$318,0001.3%
Old Town86860%$320,750$378,750-15.3%
Portage Park211228-7.5%$320,000$310,0003.2%
Mayfair2831-9.7%$317,000$352,000-9.9%
Kenwood3139-20.5%$316,000$276,00014.5%
Big Oaks2231-29%$315,000$280,00012.5%
Norwood Park9499-5.1%$315,000$325,000-3.1%

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