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Friday, April 26, 2024

Near North home prices fall in April 2019

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The median sale price of a home sold in April 2019 in Near North, a Chicago neighborhood, fell by $59,000 while total sales decreased by 10%, according to BlockShopper.com.

In April 2019, there were 45 homes sold, with a median sale price of $316,000 - a 15.7% decrease over the $375,000 median sale price for the same period of the previous year. There were 50 homes sold in Near North in April 2018.

The median sales tax in Near North for the most recent year with available data, 2017, was $4,582, approximately 1.4% of the median home sale price for April 2019.

The following table compares Near North to other Chicago neighborhood with similar median sales prices in April 2019:

NeighborhoodApr. 2019 Home SalesApr. 2018 Home Sales% change (Total Home Sales)Apr. 2019 Median Sales PriceApr. 2018 Median Sales Price% change (Median Sales Price)
Near West Side2938-23.7%$350,000$335,5004.3%
Beverly 251566.7%$342,000$259,00032%
Humboldt Park 4359-27.1%$335,000$357,500-6.3%
Jefferson Park2940-27.5%$327,000$365,000-10.4%
McKinley Park12933.3%$321,500$299,0007.5%
Near North4550-10%$316,000$375,000-15.7%
The Loop1115-26.7%$315,000$444,000-29.1%
Uptown3439-12.8%$311,250$300,0003.8%
South Loop 6177-20.8%$311,000$327,000-4.9%
West Rogers Park4857-15.8%$292,750$185,00058.2%
Buena Park2534-26.5%$286,000$272,5005%

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