From January through December of 2017, there were 490 homes sold, with a median sale price of $215,000 - a 5.7% increase over the $203,500 median sale price for the previous year. There were 454 homes sold in Garfield Ridge in 2016.
The median sales tax in Garfield Ridge for 2017 was $3,052. In 2016, the median sales tax was $2,986. This marks an increase of 2.2%. 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 Garfield Ridge 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) |
|---|---|---|---|---|---|---|
| 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% |
| West Rogers Park | 810 | 719 | 12.7% | $215,500 | $206,000 | 4.6% |
| Garfield Ridge | 490 | 454 | 7.9% | $215,000 | $203,500 | 5.7% |
| Edgewater | 740 | 705 | 5% | $215,000 | $215,000 | 0% |
| Bronzeville | 412 | 370 | 11.4% | $214,000 | $189,500 | 12.9% |
| McKinley Park | 98 | 109 | -10.1% | $213,750 | $200,000 | 6.9% |
| Archer Heights | 111 | 127 | -12.6% | $208,000 | $180,000 | 15.6% |
| Clearing | 263 | 249 | 5.6% | $205,000 | $195,000 | 5.1% |
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