According to recent data released by the Institute for Housing Studies at DePaul University, home sale prices have surged 158.8 percent in West Town /Near West Side but fell 14 percent in Calumet City /Harvey since 2000. Logan Square saw the biggest jump in home sale prices since the recession of 10.8 percent, followed closely by West Town’s hike of 9.6 percent.

West Town, Logan Square/Avondale, Lincoln Square/North Center, and Lakeview/Lincoln Park all saw home sale prices surpass their previous peaks. Home prices in north side neighborhoods Lincoln Square and Lakeview increased 6.3 percent and 3.1 percent, respectively.

All other Chicago neighborhoods are still seeing price points below their previously recorded peak. However, Irving Park/Albany Park and Uptown/Rogers Park aren’t too far from their previous high points, according to the research. These neighborhoods are behind by just less than seven percent. 

On an annual basis, Humboldt Park/Garfield Park saw the biggest increase of the submarkets recorded. As the neighbor to both West Town and Logan Square, Humboldt Park has seen a 20.7 percent annual increase in home sale prices as buyers are getting priced out of surrounding communities. Humboldt Park has made quite a lot of headway — 92.7 percent, to be exact — from the lowest recorded sales price. However, the neighborhood is still priced about 45 percent below the recorded high point.

In Chicago’s southwest suburbs, Orland Park and Lemont has seen the smallest amount of change since its bottom point. The community has come out of the bottom by just 14.7 percent, having fallen 17.4 percent from its peak. Annually Orland Park/Lemont saw its prices inch up 1.8 percent.

The largest peak-to-current gap was reported in Englewood/Greater Grand Crossing where prices are still 54.3 percent behind. Annually prices have increased 7.5 percent here, which puts it in the front of the pack for year-over-year home price growth.

The study tracks quarterly prices in 33 submarkets of Chicago and suburban Cook County, concentrated on single-family home prices in each area. Broken up, there are 16 markets in Chicago and 17 in suburban Cook. Each market is measured by its current home sale prices compared with records from 2000, from the peak (around 2007-08 depending on the market), from the lowest point, and from last year.