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Chicago City Wire

Monday, August 4, 2025

May: Hyde Park experienced a 39.1% drop in median home prices

Webp re 14

The median sale price of a home sold in May in Hyde Park, a Chicago neighborhood, fell by $90,000 while total sales decreased by 90.9 percent, according to BlockShopper.com.

In May, there were two homes sold, with a median sale price of $140,000 - a 39.1 percent decrease from the $230,000 median sale price for the same period of the previous year. There were 22 homes sold in Hyde Park in May 2021.

The median sales tax in Hyde Park for the most recent year with available data, 2019, was $3,537, approximately 2.5 percent of the median home sale price for May.

The following table compares Hyde 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)
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
Canaryville/Fuller Park17-85.7$115,000$176,000-34.7
Chatham324-87.5$112,000$214,000-47.7
South Shore529-82.8$110,000$185,000-40.5
East Side420-80$105,500$130,500-19.2

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