In December 2017, there were 31 homes sold, with a median sale price of $320,000 - a 28% increase over the $250,000 median sale price for the same period of the previous year. There were 37 homes sold in Albany Park in December 2016.
The median sales tax in Albany Park for 2017 was $5,051. In 2016, the median sales tax was $4,881. This marks an increase of 3.5%. 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 Albany Park to other Chicago neighborhood with similar median sales prices in December 2017:
| Neighborhood | Dec. 2017 Home Sales | Dec. 2016 Home Sales | % change (Total Home Sales) | Dec. 2017 Median Sales Price | Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Bridgeport | 31 | 24 | 29.2% | $340,000 | $312,500 | 8.8% |
| Chinatown | 3 | 1 | 200% | $336,500 | $185,000 | 81.9% |
| Near North | 26 | 28 | -7.1% | $331,250 | $370,000 | -10.5% |
| Norwood Park | 25 | 28 | -10.7% | $327,500 | $281,500 | 16.3% |
| Edison Park | 14 | 11 | 27.3% | $324,000 | $310,000 | 4.5% |
| Albany Park | 31 | 37 | -16.2% | $320,000 | $250,000 | 28% |
| Mayfair | 8 | 10 | -20% | $318,000 | $340,000 | -6.5% |
| Beverly | 18 | 17 | 5.9% | $317,500 | $297,500 | 6.7% |
| Old Town | 11 | 18 | -38.9% | $315,000 | $389,250 | -19.1% |
| Big Oaks | 6 | 8 | -25% | $301,500 | $314,500 | -4.1% |
| South Loop | 64 | 55 | 16.4% | $298,750 | $317,000 | -5.8% |
Alerts Sign-up