House Prices

Groveland Park Chicago, IL House Prices & Home Values 2026


Average Data

average house price$350,413
average size per house1243 ft²
average price per ft²271 $ / ft²

04/15/2026 - The value range (VR) for house prices in Groveland Park Chicago, IL is $257.45/ sqft to $284.55/ sqft. An average home with 1243 sqft costs approximately $306,890 to $339,195. Chicago, IL includes 1 ZIP codes and it is located in Cook county. The lowest prices are found in ZIP 60616, while the highest are in ZIP 60616. The average price per sqare feet is $271. Our analysis is based on 15 property listings.

Avergage prices by ZIP codes Groveland Park Chicago

60616258 $ / ft²




Historical development of home values in Groveland Park Chicago

Year Estimated value (USD) Change vs. 2025
2010 $162,738 -53.6%
2011 $156,445 -55.4%
2012 $156,024 -55.5%
2013 $161,856 -53.8%
2014 $169,904 -51.5%
2015 $178,624 -49.0%
2016 $187,946 -46.4%
2017 $198,090 -43.5%
2018 $209,041 -40.3%
2019 $218,734 -37.6%
2020 $230,042 -34.4%
2021 $261,648 -25.3%
2022 $305,022 -13.0%
2023 $321,660 -8.2%
2024 $340,269 -2.9%
2025 $350,413 0.0%

Graph: estimated home values in Groveland Park Chicago over time (USD)



Example: 100% financing house in Groveland Park Chicago

Loan amount: $350,413

Interest rate: 5.75%

Fixed monthly payment: $2,045.81

Breakdown in the 1st month:
Interest portion: $1,680.23  –  Principal portion: $365.58

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $20,045.20 $4,504.47 $345,908.53
2 $19,779.07 $4,770.60 $341,137.93
3 $19,497.21 $5,052.46 $336,085.48
4 $19,198.70 $5,350.97 $330,734.51
5 $18,882.56 $5,667.11 $325,067.40
6 $18,547.73 $6,001.94 $319,065.47
7 $18,193.13 $6,356.54 $312,708.92
8 $17,817.57 $6,732.10 $305,976.83
9 $17,419.82 $7,129.84 $298,846.98
10 $16,998.58 $7,551.09 $291,295.89
11 $16,552.44 $7,997.22 $283,298.67
12 $16,079.95 $8,469.72 $274,828.95
13 $15,579.55 $8,970.12 $265,858.83
14 $15,049.57 $9,500.10 $256,358.73
15 $14,488.29 $10,061.38 $246,297.35
16 $13,893.84 $10,655.83 $235,641.53
17 $13,264.27 $11,285.39 $224,356.13
18 $12,597.51 $11,952.16 $212,403.98
19 $11,891.35 $12,658.31 $199,745.66
20 $11,143.47 $13,406.19 $186,339.47
21 $10,351.41 $14,198.26 $172,141.21
22 $9,512.55 $15,037.12 $157,104.09
23 $8,624.13 $15,925.54 $141,178.55
24 $7,683.21 $16,866.45 $124,312.10
25 $6,686.71 $17,862.96 $106,449.14
26 $5,631.33 $18,918.34 $87,530.80
27 $4,513.60 $20,036.07 $67,494.73
28 $3,329.83 $21,219.84 $46,274.89
29 $2,076.12 $22,473.55 $23,801.33
30 $748.33 $23,801.33 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Groveland Park Chicago, IL


1500 sqft3900 sqft
Ø selling price$471,699$1,003,432
Ø fast selling$428,817$903,089
Ø high price sale$514,581$1,103,775

In 2026, houses in Groveland Park Chicago, IL will be offered at an average price of $271 per square foot. A 1,500 sqft home priced at $471,699 is 22.06% more expensive per square foot than a 3,900 sqft home priced at $1,003,432. Home prices in Groveland Park Chicago, IL vary significantly depending on the property’s condition and exact location. For a quick sale, a 2,700 sqft home should be listed at around $694,684. Sellers who can wait longer may achieve a higher price of up to $849,058.


Groveland Park, Chicago, IL Neighborhood Guide

Overview and History

Groveland Park in Chicago, IL is a small, historic neighborhood within the Douglas area on the Near South Side.
Centered around the leafy, private Groveland Park oval, the enclave showcases 19th-century architecture and a quiet, residential vibe. Its roots in early planned development give the streetscape a distinctive charm that sets it apart from surrounding Bronzeville corridors.

Living and Amenities

Residents enjoy a walkable location near Bronzeville arts venues, neighborhood cafes, and everyday conveniences.
Outdoor lovers have quick access to the lakefront, 31st Street Beach and Harbor, and the scenic Burnham Park trails. The area is also convenient to educational and cultural anchors, including the Illinois Institute of Technology and nearby museums and galleries. Community pride shows in well-kept blocks, active neighborhood associations, and regular local events that celebrate South Side heritage.

Access and Real Estate

Groveland Park offers easy transportation with nearby CTA rail lines, several bus routes, and fast connections to Lake Shore Drive and the Dan Ryan Expressway.
Housing options and real estate range from historic rowhomes and townhouses to modern condos and rental apartments, appealing to first-time buyers and long-time Chicagoans alike. For those seeking a peaceful, centrally located pocket of the South Side, living in Groveland Park delivers historic character, urban convenience, and neighborhood warmth.



FAQ – Home Values in Groveland Park Chicago

What is the median home value in Groveland Park Chicago in 2026?

In 2026, the typical home value in Groveland Park Chicago is about $350,413 for an average home size of 1243 square feet. This corresponds to an average price of roughly $271 per square foot.

What is the average cost per square foot in Groveland Park Chicago?

In 2026, homes in Groveland Park Chicago sell for an average of around $271 per square foot, with a typical range between $257.45 and $284.55 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Groveland Park?

The average home size in Groveland Park Chicago is about 1243 square feet, with an estimated 2026 value around $350,413.



Neighborhoods close to Groveland Park Chicago, IL

Chicago Lawn Chicago, IL187 $ / ft²
St. Clair Gardens East Saint Louis, IL43 $ / ft²
Hyde Park Chicago, IL158 $ / ft²
Tanner Trails North Aurora, IL183 $ / ft²
Downtown Oak Lawn Oak Lawn, IL130 $ / ft²
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