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Chicago City Wire

Monday, November 25, 2024

How did home prices perform in Near North during April?

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The median sale price of a home sold in April in Near North, a Chicago neighborhood, fell by $5,000 while total sales decreased by 76.5 percent, according to BlockShopper.com.

In April, there were eight homes sold, with a median sale price of $360,000 - a 1.4 percent decrease from the $365,000 median sale price for the same period of the previous year. There were 34 homes sold in Near North in April 2021.

The median sales tax in Near North for the most recent year with available data, 2019, was $5,269, approximately 1.5 percent of the median home sale price for April.

The following table compares Near North 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)
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
South Loop 696-93.8$356,000$330,5007.7
Hermosa 325-88$355,000$315,00012.7
Heart of Chicago18-87.5$350,000$444,000-21.2
Jefferson Park1035-71.4$349,000$399,000-12.5
Ravenswood 552-90.4$346,000$389,500-11.2

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