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Chicago City Wire

Tuesday, May 7, 2024

North Park home prices rise in 2019

Re 14

The median sale price of a home sold in 2019 in North Park, a Chicago neighborhood, rose by $25,000 while total sales decreased by 10.1%, according to BlockShopper.com.

From January through December of 2019, there were 160 homes sold, with a median sale price of $325,000 - a 8.3% increase over the $300,000 median sale price for the previous year. There were 178 homes sold in North Park in 2018.

The median sales tax in North Park for the most recent year with available data, 2018, was $5,273, approximately 1.6% of the median home sale price for 2019.

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

NeighborhoodJan. - Dec. 2019 Home SalesJan. - Dec. 2018 Home Sales% change (Total Home Sales)Jan. - Dec. 2019 Median Sales PriceJan. - Dec. 2018 Median Sales Price% change (Median Sales Price)
Streeterville121140-13.6%$370,000$405,500-8.8%
Bridgeport290318-8.8%$369,000$359,0002.8%
Norwood Park307312-1.6%$330,000$312,7505.5%
Portage Park649730-11.1%$330,000$310,0006.5%
The Loop129422-69.4%$327,500$196,75066.5%
North Park160178-10.1%$325,000$300,0008.3%
Mayfair78745.4%$324,500$299,5008.3%
Edison Park192194-1%$324,000$342,000-5.3%
Pilsen118122-3.3%$323,750$334,500-3.2%
South Loop 7681,272-39.6%$323,000$265,00021.9%
Near North394621-36.6%$320,000$248,00029%

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