From January through December of 2017, there were 160 homes sold, with a median sale price of $240,000 - a 4.3% increase over the $230,000 median sale price for the previous year. There were 146 homes sold in Galewood in 2016.
The median sales tax in Galewood for 2017 was $4,243. In 2016, the median sales tax was $4,107. This marks an increase of 3.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.8%.
The following table compares Galewood to other Chicago neighborhood with similar median sales prices in 2017:
| Neighborhood | Jan. - Dec. 2017 Home Sales | Jan. - Dec. 2016 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2017 Median Sales Price | Jan. - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Uptown | 492 | 499 | -1.4% | $252,000 | $265,000 | -4.9% |
| Hermosa | 216 | 233 | -7.3% | $250,000 | $220,000 | 13.6% |
| Belmont/Cragin | 453 | 438 | 3.4% | $250,000 | $225,000 | 11.1% |
| Boystown | 639 | 428 | 49.3% | $243,500 | $255,000 | -4.5% |
| Dunning | 675 | 643 | 5% | $243,500 | $234,000 | 4.1% |
| Galewood | 160 | 146 | 9.6% | $240,000 | $230,000 | 4.3% |
| Mount Greenwood | 253 | 272 | -7% | $235,000 | $211,000 | 11.4% |
| Tri-Taylor | 35 | 37 | -5.4% | $232,500 | $290,000 | -19.8% |
| Montclare | 169 | 152 | 11.2% | $232,000 | $225,000 | 3.1% |
| Buena Park | 268 | 277 | -3.2% | $230,250 | $225,000 | 2.3% |
| Hyde Park | 284 | 289 | -1.7% | $225,000 | $188,000 | 19.7% |
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