In February 2017, there were 20 homes sold, with a median sale price of $191,500 - a 38.8% increase over the $138,000 median sale price for the same period of the previous year. There were 27 homes sold in Garfield Ridge in February 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 1.6%.
The following table compares Garfield Ridge to other Chicago neighborhood with similar median sales prices in February 2017:
| Neighborhood | Feb. 2017 Home Sales | Feb. 2016 Home Sales | % change (Total Home Sales) | Feb. 2017 Median Sales Price | Feb. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Ashburn | 11 | 13 | -15.4% | $197,500 | $116,000 | 70.3% |
| Bronzeville | 27 | 21 | 28.6% | $196,000 | $170,000 | 15.3% |
| Buena Park | 10 | 17 | -41.2% | $196,000 | $195,500 | 0.3% |
| Archer Heights | 6 | 6 | 0% | $195,000 | $172,500 | 13% |
| McKinley Park | 5 | 9 | -44.4% | $195,000 | $190,000 | 2.6% |
| Garfield Ridge | 20 | 27 | -25.9% | $191,500 | $138,000 | 38.8% |
| Tri-Taylor | 1 | 0 | - | $188,000 | $0 | - |
| West Lawn | 25 | 22 | 13.6% | $187,500 | $174,500 | 7.4% |
| Montclare | 6 | 10 | -40% | $185,000 | $207,500 | -10.8% |
| Brighton Park | 9 | 20 | -55% | $180,000 | $143,000 | 25.9% |
| Humboldt Park | 31 | 30 | 3.3% | $175,000 | $171,500 | 2% |
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