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Chicago City Wire

Thursday, October 17, 2019

North Park home prices rise in August 2017

Real Estate

By Local Labs News Service | Sep 7, 2017


The median sale price of a home sold in August 2017 in North Park, a Chicago neighborhood, rose by $30,000 while total sales decreased by 18.2%, according to BlockShopper.com.

In August 2017, there were 18 homes sold, with a median sale price of $322,500 - a 10.3% increase over the $292,500 median sale price for the same period of the previous year. There were 22 homes sold in North Park in August 2016.

The median sales tax in North Park for 2017 was $5,065. In 2016, the median sales tax was $4,942. This marks an increase of 2.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.6%.

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

Neighborhood
Aug. 2017 Home Sales
Aug. 2016 Home Sales
% change (Total Home Sales)
Aug. 2017 Median Sales Price
Aug. 2016 Median Sales Price
% change (Median Sales Price)
University Village / Little Italy
33
23
43.5%
$335,000
$320,000
4.7%
Near North
49
45
8.9%
$330,000
$343,000
-3.8%
Forest Glen
5
3
66.7%
$326,000
$222,000
46.8%
Gold Coast
105
95
10.5%
$325,000
$400,000
-18.8%
West Loop
23
13
76.9%
$323,000
$320,000
0.9%
North Park
18
22
-18.2%
$322,500
$292,500
10.3%
Portage Park
68
76
-10.5%
$320,250
$279,000
14.8%
South Loop
96
122
-21.3%
$320,000
$323,500
-1.1%
Edison Park
20
18
11.1%
$317,500
$350,000
-9.3%
Jefferson Park
44
46
-4.3%
$317,000
$270,250
17.3%
River West
15
10
50%
$315,000
$443,000
-28.9%

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