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Hottest Real Estate Market on the Far NW Side is Edison Park, Analysis Says

By Heather Cherone | October 28, 2015 5:46am
 The median sale price of a home in Edison Park soared 9 percent in the past year, according to an analysis by real estate data firm Redfin. 
The median sale price of a home in Edison Park soared 9 percent in the past year, according to an analysis by real estate data firm Redfin. 
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Redfin

EDISON PARK — The median sale price of a home in Edison Park soared 9 percent during the past year, making it the Far Northwest Side’s hottest neighborhood for real estate, according to an analysis by real estate data firm Redfin.

Homes in Edison Park, roughly defined as Devon Avenue north to Howard Street and west from Harlem Avenue to Ozanam Avenue, had a median sale price of $357,000, an increase of 9 percent, according to the analysis of sale data from September 2014 to September 2015 by Redfin.

Homes for sale typically sold in 20 days, the fastest on the Far Northwest Side, according to Redfin's analysis.

The median sale price of homes in Portage Park, roughly defined as Lawrence Avenue south to Belmont Avenue and the Metra Railroad tracks west to Austin Avenue south of Irving Park Road and Naragansett Avenue north of Irving Park Road to Lawrence Avenue, rose 3.7 percent to $243,700, according to Redfin's analysis.

Portage Park homes were typically on the market for 22 days, according to Redfin's analysis.

The Sauganash area, including most of what most Far Northwest Side residents consider Forest Glen, saw the median sale price of homes remain flat, rising just 0.3 percent to $359,700, according to Redfin's analysis.

Sauganash-area homes were typically on the market for 34 days, according to Redfin's analysis.

However, the median sale price of homes in Jefferson Park fell 3.2 percent to $251,900, according to Redfin's analysis.

Redfin's Jefferson Park analysis included homes in Gladstone Park and stretched west from Cicero Avenue to Nagle Avenue and south from Devon Avenue to Lawrence Avenue.

North Center had the highest median sale price in Chicago, at $537,000, followed by Bucktown at $525,700. Lincoln Park came in third at $499,700.

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