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Friday, April 26, 2024

North Park home prices rise in January 2019

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The median sale price of a home sold in January 2019 in North Park, a Chicago neighborhood, rose by $125,000 while total sales decreased by 71.4%, according to BlockShopper.com.

In January 2019, there were six homes sold, with a median sale price of $397,500 - a 45.9% increase over the $272,500 median sale price for the same period of the previous year. There were 21 homes sold in North Park in January 2018.

The median sales tax in North Park for the most recent year with available data, 2017, was $5,065, approximately 1.3% of the median home sale price for January 2019.

The following table compares North Park to other Chicago neighborhood with similar median sales prices in January 2019:

NeighborhoodJan. 2019 Home SalesJan. 2018 Home Sales% change (Total Home Sales)Jan. 2019 Median Sales PriceJan. 2018 Median Sales Price% change (Median Sales Price)
Sauganash912-25%$448,500$445,5000.7%
West Loop770%$445,000$356,00025%
River North221822.2%$432,000$403,7507%
Near West Side1625-36%$424,750$315,00034.8%
North Mayfair41300%$415,000$380,0009.2%
North Park621-71.4%$397,500$272,50045.9%
Andersonville 9812.5%$385,000$505,000-23.8%
Goose Island7540%$380,000$480,000-20.8%
Avondale2023-13%$370,250$351,5005.3%
Chinatown4333.3%$367,500$218,00068.6%
South Loop 4456-21.4%$366,750$291,75025.7%

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