From January through December of 2017, there were 131 homes sold, with a median sale price of $55,000 - a 13.4% increase over the $48,500 median sale price for the previous year. There were 95 homes sold in West Garfield Park in 2016.
The median sales tax in West Garfield Park for 2017 was $3,294. In 2016, the median sales tax was $3,178. This marks an increase of 3.7%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 6%.
The following table compares West Garfield Park 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) |
---|---|---|---|---|---|---|
Burnside | 250 | 219 | 14.2% | $71,500 | $55,000 | 30% |
Greater Grand Crossing | 387 | 393 | -1.5% | $68,000 | $57,000 | 19.3% |
Washington Heights | 88 | 69 | 27.5% | $61,000 | $85,000 | -28.2% |
South Chicago | 272 | 273 | -0.4% | $60,000 | $49,000 | 22.4% |
Back of the Yards | 228 | 220 | 3.6% | $57,750 | $45,000 | 28.3% |
West Garfield Park | 131 | 95 | 37.9% | $55,000 | $48,500 | 13.4% |
Roseland/Pullman | 473 | 400 | 18.3% | $55,000 | $40,000 | 37.5% |
South Deering | 145 | 138 | 5.1% | $40,000 | $29,500 | 35.6% |
West Pullman | 336 | 293 | 14.7% | $39,750 | $34,000 | 16.9% |
West Englewood | 251 | 214 | 17.3% | $28,500 | $25,250 | 12.9% |
Englewood | 434 | 343 | 26.5% | $28,000 | $25,000 | 12% |