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Chicago City Wire

Wednesday, April 24, 2024

Humboldt Park home prices rise in February 2017

Realestate5

The median sale price of a home sold in February 2017 in Humboldt Park, a Chicago neighborhood, rose by $3,500 while total sales increased by 3.3%, according to BlockShopper.com.

In February 2017, there were 31 homes sold, with a median sale price of $175,000 - a 2% increase over the $171,500 median sale price for the same period of the previous year. There were 30 homes sold in Humboldt Park in February 2016.

The median sales tax in Humboldt Park for 2017 was $3,545. In 2016, the median sales tax was $3,372. This marks an increase of 5.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2%.

The following table compares Humboldt 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)
Garfield Ridge2027-25.9%$191,500$138,00038.8%
Tri-Taylor10-$188,000$0-
West Lawn252213.6%$187,500$174,5007.4%
Montclare610-40%$185,000$207,500-10.8%
Brighton Park920-55%$180,000$143,00025.9%
Humboldt Park 31303.3%$175,000$171,5002%
Union Ridge310-70%$171,500$278,500-38.4%
Belmont/Cragin2135-40%$170,000$190,000-10.5%
Rogers Park2325-8%$168,000$185,000-9.2%
Scottsdale13944.4%$164,000$139,00018%
Chatham201181.8%$161,250$139,00016%

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