Chicago City Wire

Chicago City Wire

Friday, January 17, 2020

Gage Park home prices rise in the second half of 2017

Real Estate

By Local Labs News Service | Jan 14, 2018

Realestate5

The median sale price of a home sold in the second half of 2017 in Gage Park, a Chicago neighborhood, rose by $24,000 while total sales decreased by 16.2%, according to BlockShopper.com.

From July through December of 2017, there were 83 homes sold, with a median sale price of $150,000 - a 19% increase over the $126,000 median sale price for the same period of the previous year. There were 99 homes sold in Gage Park in the second half of 2016.

The median sales tax in Gage Park for 2017 was $2,077. In 2016, the median sales tax was $2,079. This marks an decrease of 0.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.4%.

The following table compares Gage Park to other Chicago neighborhood with similar median sales prices in the second half of 2017:

Neighborhood
July - Dec. 2017 Home Sales
July - Dec. 2016 Home Sales
% change (Total Home Sales)
July - Dec. 2017 Median Sales Price
July - Dec. 2016 Median Sales Price
% change (Median Sales Price)
West Elsdon
77
90
-14.4%
$182,000
$171,000
6.4%
Forest Glen
23
33
-30.3%
$172,000
$265,000
-35.1%
Brighton Park
110
130
-15.4%
$171,500
$160,000
7.2%
Ashburn
120
125
-4%
$162,500
$142,000
14.4%
Morgan Park
130
127
2.4%
$159,500
$149,000
7%
Gage Park
83
99
-16.2%
$150,000
$126,000
19%
Chatham
113
107
5.6%
$150,000
$108,000
38.9%
Woodlawn
118
121
-2.5%
$140,500
$99,000
41.9%
Austin
340
273
24.5%
$138,250
$90,000
53.6%
East Merrionette Park
17
24
-29.2%
$136,000
$116,750
16.5%
Little Village
156
136
14.7%
$135,000
$94,500
42.9%

Want to get notified whenever we write about Cook County Recorder ?

Sign-up Next time we write about Cook County Recorder, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

Organizations in this Story

Cook County Recorder

More News