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Chicago City Wire

Monday, June 30, 2025

Albany Park home prices rise in the first half of 2017

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The median sale price of a home sold in the first half of 2017 in Albany Park, a Chicago neighborhood, rose by $24,500 while total sales increased by 15.8%, according to BlockShopper.com.

From January through June of 2017, there were 323 homes sold, with a median sale price of $287,000 - a 9.3% increase over the $262,500 median sale price for the same period of the previous year. There were 279 homes sold in Albany Park in the first half of 2016.

The median sales tax in Albany Park for 2017 was $5,051. In 2016, the median sales tax was $4,881. This marks an increase of 3.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.8%.

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

NeighborhoodJan. - June 2017 Home SalesJan. - June 2016 Home Sales% change (Total Home Sales)Jan. - June 2017 Median Sales PriceJan. - June 2016 Median Sales Price% change (Median Sales Price)
The Loop65624.8%$310,000$240,00029.2%
North Mayfair40392.6%$305,000$260,00017.3%
Portage Park3903715.1%$303,500$260,50016.5%
Jefferson Park1821688.3%$300,500$272,00010.5%
Union Ridge3138-18.4%$291,000$262,00011.1%
Albany Park32327915.8%$287,000$262,5009.3%
Big Oaks443912.8%$285,000$273,0004.4%
O'Hare665911.9%$279,000$210,00032.9%
Kenwood575014%$276,000$219,00026%
Humboldt Park 2862782.9%$270,000$230,00017.4%
Oriole Park56551.8%$268,500$212,50026.4%

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