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Chicago City Wire

Monday, March 10, 2025

O'Hare home prices rise in March 2017

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The median sale price of a home sold in March 2017 in O'Hare, a Chicago neighborhood, rose by $189,250 while total sales increased by 40%, according to BlockShopper.com.

In March 2017, there were 14 homes sold, with a median sale price of $298,500 - a 173.2% increase over the $109,250 median sale price for the same period of the previous year. There were 10 homes sold in O'Hare in March 2016.

The median sales tax in O'Hare for 2017 was $4,045. In 2016, the median sales tax was $4,137. This marks an decrease of 2.2%. 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 O'Hare to other Chicago neighborhood with similar median sales prices in March 2017:

NeighborhoodMar. 2017 Home SalesMar. 2016 Home Sales% change (Total Home Sales)Mar. 2017 Median Sales PriceMar. 2016 Median Sales Price% change (Median Sales Price)
Irving Park 3234-5.9%$303,250$298,0001.8%
Union Ridge660%$302,000$242,00024.8%
Humboldt Park 402937.9%$300,000$220,00036.4%
Mayfair84100%$300,000$325,500-7.8%
North Park136116.7%$300,000$326,250-8%
O'Hare141040%$298,500$109,250173.2%
University Village / Little Italy9728.6%$298,000$340,000-12.4%
Montclare141040%$277,500$198,00040.2%
Jefferson Park282133.3%$277,250$290,000-4.4%
Albany Park574139%$272,000$265,0002.6%
Ravenswood 7417335.3%$260,000$497,000-47.7%

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