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Chicago City Wire

Wednesday, April 24, 2024

Albany Park home prices rise in the second quarter of 2019

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The median sale price of a home sold in the second quarter of 2019 in Albany Park, a Chicago neighborhood, rose by $25,000 while total sales decreased by 9.4%, according to BlockShopper.com.

From April through June of 2019, there were 155 homes sold, with a median sale price of $295,000 - a 9.3% increase over the $270,000 median sale price for the same period of the previous year. There were 171 homes sold in Albany Park in the second quarter of 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 the second quarter of 2019.

The following table compares Albany Park to other Chicago neighborhood with similar median sales prices in the second quarter of 2019:

NeighborhoodApr. - June 2019 Home SalesApr. - June 2018 Home Sales% change (Total Home Sales)Apr. - June 2019 Median Sales PriceApr. - June 2018 Median Sales Price% change (Median Sales Price)
Big Oaks1622-27.3%$312,500$315,000-0.8%
Near North129151-14.6%$312,000$342,500-8.9%
Mayfair2628-7.1%$312,000$317,000-1.6%
Union Ridge312524%$305,000$280,0008.9%
Kenwood32313.2%$301,250$316,000-4.7%
Albany Park155171-9.4%$295,000$270,0009.3%
North Mayfair15150%$286,000$285,0000.4%
Montclare3543-18.6%$285,000$261,0009.2%
Forest Glen161060%$284,500$266,2506.9%
Pilsen2328-17.9%$283,000$360,250-21.4%
Boystown129145-11%$279,000$253,00010.3%

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