From January through December of 2017, there were 620 homes sold, with a median sale price of $286,000 - a 7.5% increase over the $266,000 median sale price for the previous year. There were 593 homes sold in Albany Park in 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 2017:
| Neighborhood | Jan. - Dec. 2017 Home Sales | Jan. - Dec. 2016 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2017 Median Sales Price | Jan. - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| North Park | 171 | 192 | -10.9% | $309,000 | $284,000 | 8.8% |
| Portage Park | 751 | 765 | -1.8% | $308,000 | $270,000 | 14.1% |
| North Mayfair | 79 | 91 | -13.2% | $304,000 | $260,000 | 16.9% |
| Jefferson Park | 393 | 370 | 6.2% | $290,000 | $281,500 | 3% |
| Kenwood | 113 | 117 | -3.4% | $290,000 | $225,000 | 28.9% |
| Albany Park | 620 | 593 | 4.6% | $286,000 | $266,000 | 7.5% |
| Big Oaks | 97 | 82 | 18.3% | $281,000 | $274,000 | 2.6% |
| Beverly | 282 | 235 | 20% | $274,500 | $269,500 | 1.9% |
| Chinatown | 40 | 35 | 14.3% | $274,000 | $225,000 | 21.8% |
| O'Hare | 122 | 120 | 1.7% | $274,000 | $230,000 | 19.1% |
| Union Ridge | 84 | 85 | -1.2% | $270,000 | $265,000 | 1.9% |
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