Sunday, January 12, 2020

Greater Budlong Woods, Chicago house sales: Median price up 31% from 2015

A custom Budlong Woods home after last night's snowfall. All photos Eric Rojas, Broker, Kale Realty unless otherwise noted.
A pair of our current clients have to push out a little from the Western Brown Line Station to find a single family home. The Budlong Woods neighborhood offers relatively affordable single family homes in the far northwest corner of the Lincoln Square Community Area.  Budlong Woods "proper" is a fairly  small section of Lincoln Square. For educational purposes I look at sales in a slightly expanded region around Budlong to show the housing prices and options just out of the center of Lincoln Square.

Greater Budlong Woods neighborhood located northwest of the Lincoln Square center. The leafy neighborhood is close to a large park system, Swedish Covenant Hospital, North Park University, Northeastern Illinois University, Jamieson Public Elementary, Northside College Prep, Mather High School and a spattering of local owned businesses.

Sixteen homes were recorded sold on our membership MLS over 2019 (there may be a handful of off MLS private sales). The median price of a sold single family house over 2019 was about $500,000. The least expensive home sold was 2733 West Gregory, Chicago IL 60625 for $312,000.  The dated yet solid Georgian style home has three bedrooms, one and one-half baths and sold for over the list price.

Typical Georgian style brick home in Budlong Woods area.
The most expensive home sold in our sales area closed for $740,000 at 5306 North Virginia, Chicago IL 60625. This is completely gut rehabbed four bedrooms, three and one-half baths home. Currently there are only two homes listed for sale in the Budlong Woods sales area shown in the map above. Both are in the $400s.

Budlong Woods is one of the few North Side neighborhood locations with a handful of really cool custom mid-century modern homes built in the 1950s.
In 2017, twenty-one homes sold with a median price of about $435,000.  In 2015, eighteen homes sold with a median price of about $380,000. Median prices for a single family home are up about 31% from 2015 through 2019 in the Budlong Woods area of Lincoln Square. 

If you are looking to buy or sell a home on the North Side of Chicago and the near suburbs please contact us.

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