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Chicago City Wire

Monday, November 25, 2024

Pricing for the median home in Portage Park increased during April

Realestate2

The median sale price of a home sold in April in Portage Park, a Chicago neighborhood, rose by $16,000 while total sales decreased by 86.1 percent, according to BlockShopper.com.

In April, there were 11 homes sold, with a median sale price of $386,000 - a 4.3 percent increase over the $370,000 median sale price for the same period of the previous year. There were 79 homes sold in Portage Park in April 2021.

The median sales tax in Portage Park for the most recent year with available data, 2019, was $4,989, approximately 1.3 percent of the median home sale price for April.

The following table compares Portage Park to other Chicago neighborhood with similar median sale prices in April:

NeighborhoodApril 2022 Home SalesApril 2021 Home Sales% change (Total Home Sales)April 2022 Median Sales PriceApril 2021 Median Sales Price% change (Median Sales Price)
Edison Park628-78.6$432,500$336,50028.5
The Loop220-90$428,000$322,50032.7
Near West Side654-88.9$425,000$445,000-4.5
O'Hare113-92.3$399,000$188,500111.7
Norwood Park846-82.6$394,500$338,75016.5
Portage Park1179-86.1$386,000$370,0004.3
West Garfield Park322-86.4$381,000$150,750152.7
Uptown663-90.5$379,000$315,00020.3
Belmont/Cragin148-97.9$371,000$308,50020.3
McKinley Park19-88.9$360,000$375,000-4
Near North834-76.5$360,000$365,000-1.4

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