Why Live in Hyde Park
Hyde Park, located in Chicago, is a neighborhood rich in history and cultural significance, known for its proximity to Lake Michigan and the University of Chicago. The area has evolved over the years, now featuring a mix of historic and modern housing options, including modest wooden homes, grand mansions, Italian villas, and luxury high-rise condominiums. The neighborhood's eclectic dining scene includes diverse options such as Medici, La Petite Folie, Valois, and Jimmy’s Woodlawn Tap, with 53rd Street being particularly trendy. Hyde Park also boasts several independent shops and three notable indie bookstores around 57th Street, enhancing its scholarly atmosphere. Attractions include the Robie House, the Oriental Institute, the Smart Museum of Art, and the Museum of Science and Industry. The DuSable Black History Museum is another cultural highlight. The neighborhood is served by Kenwood Academy High School, which has a strong connection with the University of Chicago. Hyde Park is greener than many urban areas, with Nichols Park, the Garden of the Phoenix, and the Midway Plaisance offering ample outdoor spaces. The 57th Street Beach and Promontory Point are popular spots during warmer months. The neighborhood is pedestrian-friendly, with limited parking encouraging walking, biking, and the use of public transportation, including Metra trains and buses. Hyde Park is considered safer than the national average, making it an attractive option for homebuyers seeking a vibrant, historically rich community.
Home Trends in Hyde Park, IL
On average, homes in Hyde Park, Chicago sell after 40 days on the market compared to the national average of 51 days. The median sale price for homes in Hyde Park, Chicago over the last 12 months is $250,000, up 16% from the median home sale price over the previous 12 months.
Median Sale Price
$250,000
Median Single Family Sale Price
$1,680,000
Median Townhouse Sale Price
$653,000
Median 2 Bedroom Sale Price
$215,000
Median 1 Bedroom Sale Price
$145,000
Average Price Per Sq Ft
$226
Number of Homes for Sale
69
Last 12 months Home Sales
288
Median List Price
$265,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
16%