The median sale price of a home sold in August 2020 in Big Oaks, a Chicago neighborhood, rose by $25,000 while total sales decreased by 75%, according to BlockShopper.com.
In August 2020, there were two homes sold, with a median sale price of $314,500 – a 8.6% increase over the $289,500 median sale price for the same period of the previous year. There were eight homes sold in Big Oaks in August 2019.
The median sales tax in Big Oaks for the most recent year with available data, 2019, was $4,835, approximately 1.5% of the median home sale price for August 2020.
The following table compares Big Oaks to other Chicago neighborhood with similar median sales prices in August 2020:
| Neighborhood | Aug. 2020 Home Sales | Aug. 2019 Home Sales | % change (Total Home Sales) | Aug. 2020 Median Sales Price | Aug. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Gold Coast | 53 | 68 | -22.1% | $330,000 | $300,500 | 9.8% |
| Edison Park | 22 | 20 | 10% | $329,500 | $281,500 | 17.1% |
| The Loop | 5 | 20 | -75% | $325,000 | $351,000 | -7.4% |
| Albany Park | 34 | 49 | -30.6% | $320,000 | $227,000 | 41% |
| O’Hare | 9 | 11 | -18.2% | $315,000 | $235,000 | 34% |
| Big Oaks | 2 | 8 | -75% | $314,500 | $289,500 | 8.6% |
| Union Ridge | 6 | 5 | 20% | $308,500 | $285,000 | 8.2% |
| North Mayfair | 2 | 6 | -66.7% | $300,250 | $322,500 | -6.9% |
| Mount Greenwood | 25 | 28 | -10.7% | $291,000 | $248,500 | 17.1% |
| Buena Park | 17 | 22 | -22.7% | $290,000 | $163,250 | 77.6% |
| Bronzeville | 18 | 31 | -41.9% | $287,500 | $235,000 | 22.3% |
