The median sale price of a home sold in August 2020 in Gage Park, a Chicago neighborhood, rose by $39,500 while total sales decreased by 55.6%, according to BlockShopper.com.
In August 2020, there were eight homes sold, with a median sale price of $204,500 – a 23.9% increase over the $165,000 median sale price for the same period of the previous year. There were 18 homes sold in Gage Park in August 2019.
The median sales tax in Gage Park for the most recent year with available data, 2019, was $2,168, approximately 1.1% of the median home sale price for August 2020.
The following table compares Gage Park 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) |
|---|---|---|---|---|---|---|
| Chatham | 12 | 19 | -36.8% | $215,000 | $170,000 | 26.5% |
| Washington Heights | 5 | 6 | -16.7% | $213,000 | $118,500 | 79.7% |
| McKinley Park | 3 | 4 | -25% | $212,000 | $258,250 | -17.9% |
| West Lincolnwood | 1 | 2 | -50% | $207,000 | $475,000 | -56.4% |
| Wrightwood | 6 | 8 | -25% | $206,750 | $208,500 | -0.8% |
| Gage Park | 8 | 18 | -55.6% | $204,500 | $165,000 | 23.9% |
| Austin | 37 | 70 | -47.1% | $197,000 | $167,500 | 17.6% |
| Hegewisch | 1 | 11 | -90.9% | $197,000 | $127,500 | 54.5% |
| Calumet Heights | 11 | 26 | -57.7% | $196,000 | $148,000 | 32.4% |
| Edgewater | 60 | 99 | -39.4% | $190,250 | $220,000 | -13.5% |
| Woodlawn | 13 | 31 | -58.1% | $186,500 | $160,000 | 16.6% |
