From October through December of 2017, there were five homes sold, with a median sale price of $55,000 - a 368.1% increase over the $11,750 median sale price for the same period of the previous year. There were four homes sold in Riverdale/Altgeld Gardens in the fourth quarter of 2016.
The median sales tax in Riverdale/Altgeld Gardens for 2017 was $1,146.04. In 2016, the median sales tax was $1,066.50. This marks an increase of 7.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.1%.
The following table compares Riverdale/Altgeld Gardens to other Chicago neighborhood with similar median sales prices in the fourth quarter of 2017:
| Neighborhood | Oct. - Dec. 2017 Home Sales | Oct. - Dec. 2016 Home Sales | % change (Total Home Sales) | Oct. - Dec. 2017 Median Sales Price | Oct. - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Burnside | 70 | 54 | 29.6% | $69,750 | $77,000 | -9.4% |
| Greater Grand Crossing | 100 | 101 | -1% | $65,000 | $75,000 | -13.3% |
| Back of the Yards | 70 | 58 | 20.7% | $65,000 | $47,250 | 37.6% |
| Roseland/Pullman | 135 | 92 | 46.7% | $60,000 | $46,500 | 29% |
| Washington Heights | 28 | 20 | 40% | $59,000 | $85,500 | -31% |
| Riverdale/Altgeld Gardens | 5 | 4 | 25% | $55,000 | $11,750 | 368.1% |
| South Deering | 40 | 29 | 37.9% | $45,000 | $28,000 | 60.7% |
| West Pullman | 81 | 62 | 30.6% | $36,500 | $35,750 | 2.1% |
| West Englewood | 74 | 53 | 39.6% | $30,000 | $27,000 | 11.1% |
| Englewood | 110 | 80 | 37.5% | $30,000 | $27,750 | 8.1% |
| East Chicago Heights | 1 | 5 | -80% | $22,000 | $26,500 | -17% |
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