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Chicago City Wire

Friday, April 26, 2024

Albany Park home prices rise in May 2019

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The median sale price of a home sold in May 2019 in Albany Park, a Chicago neighborhood, rose by $9,000 while total sales increased by 9.4%, according to BlockShopper.com.

In May 2019, there were 58 homes sold, with a median sale price of $289,000 - a 3.2% increase over the $280,000 median sale price for the same period of the previous year. There were 53 homes sold in Albany Park in May 2018.

The median sales tax in Albany Park for the most recent year with available data, 2018, was $5,291, approximately 1.8% of the median home sale price for May 2019.

The following table compares Albany Park to other Chicago neighborhood with similar median sales prices in May 2019:

NeighborhoodMay 2019 Home SalesMay 2018 Home Sales% change (Total Home Sales)May 2019 Median Sales PriceMay 2018 Median Sales Price% change (Median Sales Price)
Big Oaks38-62.5%$320,000$313,0002.2%
Mayfair613-53.8%$315,000$319,000-1.3%
Humboldt Park 4159-30.5%$312,000$310,0000.6%
Oriole Park141216.7%$292,000$262,00011.5%
Heart of Chicago61500%$291,500$230,00026.7%
Albany Park58539.4%$289,000$280,0003.2%
Near North4351-15.7%$289,000$320,000-9.7%
Boystown605117.6%$280,250$275,0001.9%
Mount Greenwood2531-19.4%$275,000$257,5006.8%
Belmont/Cragin4448-8.3%$273,000$276,000-1.1%
Galewood1115-26.7%$268,500$265,0001.3%

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