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Friday, April 26, 2024

North Park home prices fall in December 2018

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The median sale price of a home sold in December 2018 in North Park, a Chicago neighborhood, fell by $5,000 while total sales decreased by 60%, according to BlockShopper.com.

In December 2018, there were six homes sold, with a median sale price of $280,000 - a 1.8% decrease over the $285,000 median sale price for the same period of the previous year. There were 15 homes sold in North Park in December 2017.

The median sales tax in North Park for the most recent year with available data, 2017, was $5,065, approximately 1.8% of the median home sale price for December 2018.

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

NeighborhoodDec. 2018 Home SalesDec. 2017 Home Sales% change (Total Home Sales)Dec. 2018 Median Sales PriceDec. 2017 Median Sales Price% change (Median Sales Price)
Jefferson Park23224.5%$300,000$265,00013.2%
Gold Coast5059-15.3%$297,500$407,500-27%
Chinatown23-33.3%$295,500$336,500-12.2%
Pilsen610-40%$292,500$260,00012.5%
Irving Park 2930-3.3%$285,000$295,000-3.4%
North Park615-60%$280,000$285,000-1.8%
Beverly 1318-27.8%$272,000$317,500-14.3%
West Rogers Park4480-45%$266,250$235,00013.3%
Mount Greenwood221729.4%$261,500$264,000-0.9%
Belmont/Cragin2633-21.2%$261,000$265,000-1.5%
Oriole Park9650%$258,000$205,50025.5%

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