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Chicago City Wire

Sunday, November 24, 2024

Rising home prices in North Center in May

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The median sale price of a home sold in May in North Center , a Chicago neighborhood, rose by $739,000 while total sales decreased by 87.5 percent, according to BlockShopper.com.

In May, there were five homes sold, with a median sale price of $1,355,000 - a 120 percent increase over the $616,000 median sale price for the same period of the previous year. There were 40 homes sold in North Center in May 2021.

The median sales tax in North Center for the most recent year with available data, 2019, was $11,533, approximately 0.9 percent of the median home sale price for May.

The following table compares North Center to other Chicago neighborhood with similar median sale prices in May:

NeighborhoodMay 2022 Home SalesMay 2021 Home Sales% change (Total Home Sales)May 2022 Median Sales PriceMay 2021 Median Sales Price% change (Median Sales Price)
North Center 540-87.5$1,355,000$616,000120
Wicker Park229-93.1$991,250$536,00084.9
Old Town134-97.1$901,500$380,000137.2
Wrigleyville242-95.2$865,500$443,50095.2
West Town455-92.7$787,500$473,00066.5
Uptown241-95.1$650,000$320,000103.1
Bucktown567-92.5$585,000$550,0006.4
Logan Square12109-89$580,500$412,00040.9
Greektown14-75$572,000$330,00073.3
Andersonville 212-83.3$570,000$415,00037.3
Edgebrook217-88.2$561,250$530,0005.9

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