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Chicago City Wire

Tuesday, April 23, 2024

McKinley Park home prices rise in August 2018

Realestate2

The median sale price of a home sold in August 2018 in McKinley Park, a Chicago neighborhood, rose by $39,250 while total sales increased by 30%, according to BlockShopper.com.

In August 2018, there were 13 homes sold, with a median sale price of $270,000 - a 17% increase over the $230,750 median sale price for the same period of the previous year. There were 10 homes sold in McKinley Park in August 2017.

The median sales tax in McKinley Park for the most recent year with available data, 2017, was $3,762, approximately 1.4% of the median home sale price for August 2018.

The following table compares McKinley Park to other Chicago neighborhood with similar median sales prices in August 2018:

NeighborhoodAug. 2018 Home SalesAug. 2017 Home Sales% change (Total Home Sales)Aug. 2018 Median Sales PriceAug. 2017 Median Sales Price% change (Median Sales Price)
Forest Glen25-60%$287,250$326,000-11.9%
Galewood922-59.1%$280,000$221,96226.1%
Humboldt Park 4654-14.8%$277,500$260,0006.7%
Chinatown38-62.5%$270,000$297,500-9.2%
Streeterville1115-26.7%$270,000$398,500-32.2%
McKinley Park131030%$270,000$230,75017%
Montclare1016-37.5%$263,500$241,0009.3%
Albany Park5265-20%$263,250$265,000-0.7%
Belmont/Cragin3840-5%$255,750$248,2503%
Heart of Chicago510-50%$255,000$259,500-1.7%
Uptown4054-25.9%$251,000$273,000-8.1%

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