Selling a Home in Albany Park, Chicago
If you’re considering selling in Albany Park, the data below can help you understand what single-family homes are actually selling for, how quickly they’re moving, and what the process may cost. This guide draws from 90 days of closed MLS sales — updated regularly — so you’re working with recent numbers rather than outdated estimates.
Albany Park Market Overview
The Albany Park single-family market has recorded 18 closed sales over the past 90 days. Here’s a summary of current conditions:
| Metric | Value |
|---|---|
| Median Sale Price | $647,500 |
| Days to Contract | 12 days |
| Sale-to-List Ratio | 101.6% |
| Homes Sold (90 days) | 18 |
| Active Listings | 3 |
| Months of Supply | 0.5 |
| Price Reductions | 0% of listings |
With only 0.5 months of supply, Albany Park has a fraction of the inventory needed for a balanced market (generally considered to be around 6 months). Just 3 single-family homes are actively listed against a pace of roughly 6 sales per month. That kind of scarcity tends to favor sellers, though individual outcomes always depend on property condition, pricing, and timing.
The 101.6% sale-to-list ratio is particularly notable — it means sellers are, on average, receiving more than their asking price. Combined with 0% price reductions, the data suggests that buyers in Albany Park are competing for a limited number of single-family homes, and well-priced properties are attracting offers above list.
Price Band Performance
Not all price ranges perform equally. Here’s how different bands have performed over the past 90 days:
| Price Range | Sold | Avg Days | Sale-to-List | Active |
|---|---|---|---|---|
| $550K-$600K | 2 | 7 days | 110% | 0 |
| $400K-$450K | 1 | 5 days | 108% | 0 |
| $350K-$400K | 1 | 13 days | 103% | 0 |
| $450K-$500K | 1 | 1 day | 99% | 2 |
| $600K-$650K | 3 | 26 days | 94% | 0 |
| $650K-$700K | 2 | 38 days | 98% | 0 |
| $750K-$800K | 2 | 42 days | 96% | 0 |
The split in this data is striking. Homes priced below $600K are selling fast and above asking — the $550K-$600K band averaged 7 days and 110% of list price, while the $400K-$450K band sold in 5 days at 108%. These bands have zero active inventory, which explains the buyer urgency.
Above $600K, the picture changes. Properties in the $600K-$650K range averaged 26 days and sold at 94% of asking. The $750K-$800K band took 42 days and sold at 96%. These homes are still moving, but sellers in the upper bands are facing a different dynamic — fewer competing buyers and longer negotiation timelines.
What this means for your pricing decision: If your home is likely to list below $600K, the data suggests you may have significant pricing power and should expect competitive offers. Above $650K, a more conservative pricing strategy may serve you better — pricing at or slightly below market to generate interest early, rather than listing high and waiting.
What It Costs to Sell in Albany Park
Closing costs are one of the most misunderstood parts of selling a home. Here’s an estimated breakdown for an Albany Park home at the current median price of $647,500:
| Cost | Estimated Amount |
|---|---|
| Listing Agent Commission (varies) | $1,995 - $16,188 |
| Buyer Agent Commission (example 2.5%) | $16,188 |
| Chicago Transfer Tax (1.05%) | $6,799 |
| Illinois State Transfer Tax | $648 |
| Cook County Transfer Tax | $324 |
| Title Insurance (approx. 0.4%) | $2,590 |
| Attorney Fees | $750 |
| Misc Closing Costs | $300 |
The listing agent commission is the single largest variable in your closing costs. At 2-3% of the sale price, it could range from approximately $12,950 to $19,425 on a $648K home. Flat-fee alternatives exist that charge a fixed amount — for example, $1,995 — regardless of sale price. The difference in this case would be approximately $14,193.
Commission rates are not set by law and are fully negotiable. Buyer agent compensation is separate and determined as part of the listing agreement.
For a personalized estimate based on your specific sale price, use the closing cost calculator.
Pricing Strategy: What the Data Tells Us
Albany Park’s 0% price reduction rate is the strongest signal in this dataset. Not a single seller needed to cut their asking price before finding a buyer over the past 90 days. That’s uncommon across Chicago neighborhoods and speaks to a combination of disciplined pricing and demand strong enough to absorb what’s available.
However, the sale-to-list ratios tell a more nuanced story:
- Below $600K, sellers are underpricing — and it’s working. The 108-110% sale-to-list ratios in the sub-$600K bands suggest these sellers listed conservatively and let buyer competition drive the final price up. This is a deliberate strategy, and the data shows it’s producing above-asking results.
- Above $650K, sellers are leaving time on the table. The 94-98% sale-to-list ratios and 26-42 day timelines in the upper bands indicate that while these homes are selling, buyers have more leverage and more room to negotiate down from asking.
The fastest-selling Albany Park properties (top 25%) go under contract in approximately 6 days. In a market with only 3 active listings, the first week generates the most buyer attention. Homes that capitalize on that initial window — through accurate pricing and strong presentation — tend to perform best.
Your Listing Options
When you’re ready to sell in Albany Park, you generally have three paths:
Traditional full-service agent (2-3% listing commission). You’ll work with an agent who handles pricing, photography, MLS listing, showings, negotiations, and closing. The fee is typically a percentage of the sale price — at $648K, that’s an estimated $12,950 to $19,425.
Flat-fee brokerage ($1,995 or similar fixed fee). Same MLS exposure, professional photography, and full-service support — but the listing fee is a flat dollar amount regardless of sale price. On a $648K home, the estimated savings compared to a 2.5% commission would be approximately $14,193.
For sale by owner (FSBO). You handle everything yourself. No listing commission, but also no MLS access (without a separate flat-fee MLS listing), no professional pricing guidance, and no negotiation support. In a low-inventory market like Albany Park where single-family homes are scarce, FSBO sellers may miss opportunities to generate competitive offers that drive the sale price higher.
Each option has trade-offs. The right choice depends on your experience, timeline, and how much of the process you want to manage yourself.
Net Gain Realty offers the flat-fee option at $1,995 for Albany Park sellers. See what’s included in a free seller report.
Commission rates are not set by law, vary by brokerage, and are fully negotiable. Buyer’s agent compensation is separate and determined by the seller. All figures on this page are estimates for illustrative purposes only.
Frequently Asked Questions
What is the median home price in Albany Park in 2026?
As of early 2026, the median sale price for single-family homes in Albany Park is approximately $648K, based on 18 closed sales over the past 90 days. Prices range widely across price bands — from the low $300Ks to over $750K — and performance varies significantly depending on where your home falls.
How long does it take to sell a home in Albany Park?
Albany Park single-family homes are currently going under contract in approximately 12 days on average. The fastest-selling properties (top 25%) are reaching contract in about 6 days. Notably, zero percent of recent listings have required a price reduction before selling.
What does it cost to sell a home in Albany Park?
Estimated closing costs for an Albany Park home sale at the median price include Chicago transfer tax (approximately $6,799), state and county transfer taxes, title insurance, attorney fees, and listing commission. Total estimated costs depend on your listing fee structure — a 2-3% listing commission on a $648K home may cost $12,950 to $19,425, while flat-fee alternatives may be significantly less.
Is Albany Park a seller’s market in 2026?
Current data points to strong seller conditions: 0.5 months of supply, a 101.6% sale-to-list ratio indicating homes are selling above asking, and 0% of listings reducing their price. However, market conditions can shift and performance varies by price range — particularly above $650K, where days on market increase and sale-to-list ratios drop.
What are Albany Park transfer taxes?
Albany Park is within Chicago city limits, so sellers may pay the Chicago transfer tax of $5.25 per $500 (approximately 1.05%), plus Illinois state transfer tax ($0.50 per $500) and Cook County transfer tax ($0.25 per $500). On a $648K sale, total estimated transfer taxes are approximately $7,771.
Related Resources
- Albany Park Seller Report — Detailed price band breakdown, inventory analysis, and market velocity data
- Home Sale Calculator — Estimate your net proceeds with different commission structures
- Chicago Real Estate Commission Rates — How the NAR settlement changed commission negotiation
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