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East Garfield Park home prices rise in January 2017
In January 2017, there were 11 homes sold, with a median sale price of $80,000 - a 42.9% increase over the $56,000 median sale price for the same period of the previous year. There were 17 homes sold in East Garfield Park in January 2016.
The median sales tax in East Garfield Park for 2017 was $3,247. In 2016, the median sales tax was $3,136. This marks an increase of 3.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 4.1%.
The following table compares East Garfield Park to other Chicago neighborhood with similar median sales prices in January 2017:
Neighborhood
Jan. 2017 Home Sales
Jan. 2016 Home Sales
% change (Total Home Sales)
Jan. 2017 Median Sales Price
Jan. 2016 Median Sales Price
% change (Median Sales Price)
Marquette Park
29
29
0%
$90,000
$87,000
3.4%
South Chicago
21
22
-4.5%
$89,000
$62,000
43.5%
Lawndale
20
31
-35.5%
$87,250
$71,500
22%
Calumet Heights
25
24
4.2%
$86,500
$100,000
-13.5%
Gresham
39
52
-25%
$84,500
$72,000
17.4%
East Garfield Park
11
17
-35.3%
$80,000
$56,000
42.9%
Greater Grand Crossing
31
29
6.9%
$67,000
$43,000
55.8%
Burnside
16
18
-11.1%
$62,500
$44,750
39.7%
Brainerd
24
28
-14.3%
$61,000
$87,500
-30.3%
Roseland/Pullman
35
27
29.6%
$54,000
$78,000
-30.8%
Back of the Yards
17
10
70%
$48,000
$45,500
5.5%
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