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Saturday, November 23, 2024

What happened to the median home price in Uptown during May?

Realestate1

The median sale price of a home sold in May in Uptown, a Chicago neighborhood, rose by $330,000 while total sales decreased by 95.1 percent, according to BlockShopper.com.

In May, there were two homes sold, with a median sale price of $650,000 - a 103.1 percent increase over the $320,000 median sale price for the same period of the previous year. There were 41 homes sold in Uptown in May 2021.

The median sales tax in Uptown for the most recent year with available data, 2019, was $3,845, approximately 0.6 percent of the median home sale price for May.

The following table compares Uptown 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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