Quantcast

Chicago City Wire

Monday, July 7, 2025

Galewood home prices rise in the first quarter of 2018

Re 13

The median sale price of a home sold in the first quarter of 2018 in Galewood, a Chicago neighborhood, rose by $75,000 while total sales increased by 8%, according to BlockShopper.com.

From January through March of 2018, there were 27 homes sold, with a median sale price of $250,000 - a 42.9% increase over the $175,000 median sale price for the same period of the previous year. There were 25 homes sold in Galewood in the first quarter of 2017.

The median sales tax in Galewood for the most recent year with available data, 2017, was $4,243, approximately 1.7% of the median home sale price for the first quarter of 2018.

The following table compares Galewood to other Chicago neighborhood with similar median sales prices in the first quarter of 2018:

NeighborhoodJan. - Mar. 2018 Home SalesJan. - Mar. 2017 Home Sales% change (Total Home Sales)Jan. - Mar. 2018 Median Sales PriceJan. - Mar. 2017 Median Sales Price% change (Median Sales Price)
Beverly 4963-22.2%$266,000$225,00018.2%
Belmont/Cragin8189-9%$263,000$215,00022.3%
Albany Park93122-23.8%$260,000$276,750-6.1%
Dunning99161-38.5%$260,000$230,00013%
Kenwood241833.3%$256,250$272,250-5.9%
Galewood27258%$250,000$175,00042.9%
Chinatown913-30.8%$248,000$250,000-0.8%
Montclare403225%$247,500$221,00012%
Tri-Taylor52150%$240,000$165,50045%
Hermosa 54508%$235,000$230,0002.2%
West Rogers Park129193-33.2%$230,000$220,5004.3%

MORE NEWS