Thursday, December 21, 2017

North Park, Chicago home sales 2017

I can't believe another year is coming to an end! Let's take a look at North Park single family homes sales.  We see North Park as a value buy on the North Side of Chicago. Prices have been inching up but remain way below Lincoln Square one neighborhood to the south. While the area is not convenient to CTA trains it does offer access to bus and highway options. North Park is home to large parks, nature areas and well rated school.

North Park home sales and more for 2017
68 single family homes sold this year (Jan 1st to Dec 15th) with a median price of about $350,000. The highest priced sale is $687,000 for 3435 W Glenlake Ave, Chicago IL 60659. The vintage 67' wide lot home featured six bedrooms and four and one-half baths but needed extensive updating.
North Park is home to many customer brick homes from traditional Chicago bungalows and Tudors to some really cool art deco beauties.
Fun fact! Only three of the North Park sold homes were newly gut rehabbed and none of the sold homes were new construction.  Not a single new construction home sale is really rare for a north side neighborhood in the current market. Lincoln Square, Forest Glen, Edgewater, Irving Park etc... so many surrounding neighborhoods have lots of new construction activity.

21 homes are currently for sale in North Park. The median price of a listed home is $439,000 (significantly higher than the median of a sold/ closed home). Ten homes are currently under contract with a median asking price of $345,000.  On par with a closed house this year.

Looking for a home on the North Side or Chicago suburbs?  We'll find it!

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