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Chicago City Wire

Sunday, November 24, 2024

Oriole Park home prices rise in February 2017

Re 9

The median sale price of a home sold in February 2017 in Oriole Park, a Chicago neighborhood, rose by $92,500 while total sales remained unchanged with seven homes sold, according to BlockShopper.com.

In February 2017, there were seven homes sold, with a median sale price of $305,000 - a 43.5% increase over the $212,500 median sale price for the same period of the previous year. There were seven homes sold in Oriole Park in February 2016, as well.

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 1.3%.

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

NeighborhoodFeb. 2017 Home SalesFeb. 2016 Home Sales% change (Total Home Sales)Feb. 2017 Median Sales PriceFeb. 2016 Median Sales Price% change (Median Sales Price)
Old Town201353.8%$328,500$394,000-16.6%
The Loop126100%$317,000$153,000107.2%
Bridgeport221729.4%$308,500$272,00013.4%
University Village / Little Italy513-61.5%$308,000$300,0002.7%
Lincoln Square550%$307,500$500,000-38.5%
Oriole Park770%$305,000$212,50043.5%
Irving Park 1627-40.7%$300,250$275,0009.2%
Near West Side1624-33.3%$292,500$264,50010.6%
Pilsen79-22.2%$285,000$185,00054.1%
Uptown18175.9%$272,250$289,500-6%
Mayfair440%$271,250$415,000-34.6%

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