Chicago City Wire

Chicago City Wire

Monday, January 27, 2020

Norwood Park home prices rise in the first half of 2017

Real Estate

By Local Labs News Service | Jul 14, 2017

Realestate3

The median sale price of a home sold in the first half of 2017 in Norwood Park, a Chicago neighborhood, rose by $7,500 while total sales increased by 22.5%, according to BlockShopper.com.

From January through June of 2017, there were 174 homes sold, with a median sale price of $319,750 - a 2.4% increase over the $312,250 median sale price for the same period of the previous year. There were 142 homes sold in Norwood Park in the first half of 2016.

The median sales tax in Norwood Park for 2017 was $5,021. In 2016, the median sales tax was $4,863. This marks an increase of 3.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.6%.

The following table compares Norwood Park to other Chicago neighborhood with similar median sales prices in the first half of 2017:

Neighborhood
Jan. - June 2017 Home Sales
Jan. - June 2016 Home Sales
% change (Total Home Sales)
Jan. - June 2017 Median Sales Price
Jan. - June 2016 Median Sales Price
% change (Median Sales Price)
West Loop
86
87
-1.1%
$330,000
$307,500
7.3%
Near North
218
192
13.5%
$330,000
$368,750
-10.5%
Mayfair
47
47
0%
$330,000
$275,000
20%
Bridgeport
168
129
30.2%
$326,500
$275,000
18.7%
North Park
75
83
-9.6%
$325,000
$257,000
26.5%
Norwood Park
174
142
22.5%
$319,750
$312,250
2.4%
Edison Park
82
78
5.1%
$312,500
$310,000
0.8%
The Loop
65
62
4.8%
$310,000
$240,000
29.2%
North Mayfair
40
39
2.6%
$305,000
$260,000
17.3%
Portage Park
390
371
5.1%
$303,500
$260,500
16.5%
Jefferson Park
182
168
8.3%
$300,500
$272,000
10.5%

Want to get notified whenever we write about Cook County Recorder ?

Sign-up Next time we write about Cook County Recorder, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

Organizations in this Story

Cook County Recorder

More News