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Chicago City Wire

Saturday, November 23, 2024

Rising home prices in North Park in May

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The median sale price of a home sold in May in North Park, a Chicago neighborhood, rose by $140,250 while total sales decreased by 87.5 percent, according to BlockShopper.com.

In May, there were two homes sold, with a median sale price of $504,750 - a 38.5 percent increase over the $364,500 median sale price for the same period of the previous year. There were 16 homes sold in North Park in May 2021.

The median sales tax in North Park for the most recent year with available data, 2019, was $5,329, approximately 1.1 percent of the median home sale price for May.

The following table compares North Park 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)
Greektown14-75$572,000$330,00073.3
Andersonville 212-83.3$570,000$415,00037.3
Edgebrook217-88.2$561,250$530,0005.9
Ukrainian Village 134-97.1$560,000$506,75010.5
Lincoln Park17197-91.4$535,000$530,0000.9
North Park216-87.5$504,750$364,50038.5
Mayfair24-50$489,500$422,50015.9
Beverly 125-96$482,500$420,00014.9
Noble Square124-95.8$475,000$560,000-15.2
Big Oaks110-90$465,000$264,00076.1
Avondale536-86.1$455,000$454,0000.2

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