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Chicago City Wire

Monday, August 4, 2025

Falling home prices in Oriole Park in May

Webp realestate1

The median sale price of a home sold in May in Oriole Park, a Chicago neighborhood, fell by $184,500 while total sales decreased by 66.7 percent, according to BlockShopper.com.

In May, there were two homes sold, with a median sale price of $155,000 - a 54.3 percent decrease from the $339,500 median sale price for the same period of the previous year. There were six homes sold in Oriole Park in May 2021.

The median sales tax in Oriole Park for the most recent year with available data, 2019, was $4,627, approximately three percent of the median home sale price for May.

The following table compares Oriole 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)
South Chicago 627-77.8$185,000$115,00060.9
Back of the Yards224-91.7$180,000$145,00024.1
East Garfield Park215-86.7$169,500$280,000-39.5
West Hometown14-75$167,000$167,500-0.3
Calumet Heights 727-74.1$165,000$200,000-17.5
Oriole Park26-66.7$155,000$339,500-54.3
Gresham1358-77.6$152,000$169,500-10.3
West Garfield Park48-50$145,000$225,000-35.6
O'Hare18-87.5$141,000$478,250-70.5
Hyde Park222-90.9$140,000$230,000-39.1
Morgan Park 424-83.3$123,500$216,000-42.8

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