From July through December of 2017, there were 30 homes sold, with a median sale price of $122,750 - a 11.6% increase over the $110,000 median sale price for the same period of the previous year. There were 33 homes sold in Oakland in the second half of 2016.
The median sales tax in Oakland for 2017 was $1,443. In 2016, the median sales tax was $1,343. This marks an increase of 7.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.2%.
The following table compares Oakland 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) |
|---|---|---|---|---|---|---|
| Little Village | 156 | 136 | 14.7% | $135,000 | $94,500 | 42.9% |
| Chicago Lawn | 64 | 68 | -5.9% | $134,500 | $92,500 | 45.4% |
| Canaryville/Fuller Park | 53 | 49 | 8.2% | $134,000 | $150,000 | -10.7% |
| Marquette Park | 174 | 138 | 26.1% | $129,000 | $106,000 | 21.7% |
| Washington Park | 48 | 43 | 11.6% | $127,500 | $65,000 | 96.2% |
| Oakland | 30 | 33 | -9.1% | $122,750 | $110,000 | 11.6% |
| East Side | 104 | 101 | 3% | $122,000 | $95,000 | 28.4% |
| South Shore | 207 | 192 | 7.8% | $120,500 | $73,750 | 63.4% |
| Lawndale | 230 | 169 | 36.1% | $119,500 | $70,000 | 70.7% |
| West Hometown | 36 | 30 | 20% | $118,000 | $100,000 | 18% |
| East Garfield Park | 103 | 115 | -10.4% | $118,000 | $91,500 | 29% |
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