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Chicago City Wire

Friday, September 27, 2024

Oriole Park home prices rise in January 2017

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The median sale price of a home sold in January 2017 in Oriole Park, a Chicago neighborhood, rose by $176,500 while total sales increased by 120%, according to BlockShopper.com.

In January 2017, there were 11 homes sold, with a median sale price of $285,000 - a 162.7% increase over the $108,500 median sale price for the same period of the previous year. There were five homes sold in Oriole Park in January 2016.

The median sales tax in Oriole Park for 2017 was $4,074. In 2016, the median sales tax was $4,024. This marks an increase of 1.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.4%.

The following table compares Oriole Park to other Chicago neighborhood with similar median sales prices in January 2017:

NeighborhoodJan. 2017 Home SalesJan. 2016 Home Sales% change (Total Home Sales)Jan. 2017 Median Sales PriceJan. 2016 Median Sales Price% change (Median Sales Price)
Union Ridge6450%$312,500$229,50036.2%
University Village / Little Italy1112-8.3%$310,000$340,000-8.8%
Mayfair410-60%$302,500$260,00016.3%
Edison Park12850%$300,000$265,00013.2%
Edgebrook611-45.5%$297,500$395,000-24.7%
Oriole Park115120%$285,000$108,500162.7%
Big Oaks57-28.6%$285,000$287,500-0.9%
Streeterville184350%$272,500$335,500-18.8%
Kenwood810-20%$270,000$177,50052.1%
Portage Park564914.3%$267,500$255,0004.9%
Chinatown4333.3%$262,500$225,00016.7%

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