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Sunday, January 19, 2020

West Garfield Park home prices rise in the first half of 2018

Real Estate

By Local Labs News Service | Jul 14, 2018

Realestate077

The median sale price of a home sold in the first half of 2018 in West Garfield Park, a Chicago neighborhood, rose by $31,000 while total sales increased by 25.4%, according to BlockShopper.com.

From January through June of 2018, there were 79 homes sold, with a median sale price of $78,000 - a 66% increase over the $47,000 median sale price for the same period of the previous year. There were 63 homes sold in West Garfield Park in the first half of 2017.

The median sales tax in West Garfield Park for the most recent year with available data, 2017, was $3,294, approximately 4.2% of the median home sale price for the first half of 2018.

The following table compares West Garfield Park to other Chicago neighborhood with similar median sales prices in the first half of 2018:

Neighborhood
Jan. - June 2018 Home Sales
Jan. - June 2017 Home Sales
% change (Total Home Sales)
Jan. - June 2018 Median Sales Price
Jan. - June 2017 Median Sales Price
% change (Median Sales Price)
Calumet Heights
187
193
-3.1%
$95,500
$84,000
13.7%
Washington Heights
54
43
25.6%
$90,000
$71,000
26.8%
Gresham
335
268
25%
$87,000
$75,000
16%
Brainerd
170
171
-0.6%
$85,000
$100,000
-15%
South Chicago
156
125
24.8%
$85,000
$60,000
41.7%
West Garfield Park
79
63
25.4%
$78,000
$47,000
66%
Back of the Yards
116
107
8.4%
$72,750
$51,000
42.6%
Greater Grand Crossing
249
198
25.8%
$71,000
$70,000
1.4%
Burnside
129
109
18.3%
$70,500
$63,000
11.9%
Roseland/Pullman
310
232
33.6%
$60,250
$48,250
24.9%
West Pullman
211
162
30.2%
$51,000
$36,500
39.7%

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