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Chicago City Wire

Tuesday, April 23, 2024

McKinley Park home prices rise in December 2018

Realestate1

The median sale price of a home sold in December 2018 in McKinley Park, a Chicago neighborhood, rose by $49,750 while total sales increased by 175%, according to BlockShopper.com.

In December 2018, there were 11 homes sold, with a median sale price of $250,000 - a 24.8% increase over the $200,250 median sale price for the same period of the previous year. There were four homes sold in McKinley Park in December 2017.

The median sales tax in McKinley Park for the most recent year with available data, 2017, was $3,762, approximately 1.5% of the median home sale price for December 2018.

The following table compares McKinley 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)
Belmont/Cragin2633-21.2%$261,000$265,000-1.5%
Oriole Park9650%$258,000$205,50025.5%
Galewood111010%$257,500$268,250-4%
Streeterville610-40%$251,500$463,000-45.7%
Wrigleyville3437-8.1%$250,000$239,5004.4%
McKinley Park114175%$250,000$200,25024.8%
O'Hare9728.6%$246,000$174,00041.4%
Dunning57529.6%$246,000$252,500-2.6%
North Mayfair56-16.7%$241,500$166,75044.8%
West Lawn1933-42.4%$227,000$170,00033.5%
Garfield Ridge34319.7%$226,500$230,000-1.5%

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