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Chicago City Wire

Wednesday, April 24, 2024

West Garfield Park home prices rise in May 2017

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The median sale price of a home sold in May 2017 in West Garfield Park, a Chicago neighborhood, rose by $18,500 while total sales increased by 25%, according to BlockShopper.com.

In May 2017, there were 10 homes sold, with a median sale price of $46,500 - a 66.1% increase over the $28,000 median sale price for the same period of the previous year. There were eight homes sold in West Garfield Park in May 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 7.1%.

The following table compares West Garfield Park to other Chicago neighborhood with similar median sales prices in May 2017:

NeighborhoodMay 2017 Home SalesMay 2016 Home Sales% change (Total Home Sales)May 2017 Median Sales PriceMay 2016 Median Sales Price% change (Median Sales Price)
Lawndale3741-9.8%$72,000$90,000-20%
Washington Heights9650%$68,000$204,000-66.7%
South Chicago 211540%$60,000$66,000-9.1%
Back of the Yards221369.2%$59,000$55,0007.3%
Burnside18180%$53,750$88,000-38.9%
West Garfield Park10825%$46,500$28,00066.1%
West Pullman2938-23.7%$35,500$34,5002.9%
Roseland/Pullman453240.6%$35,000$36,750-4.8%
West Englewood141216.7%$28,500$16,25075.4%
Englewood433138.7%$25,000$20,50022%
East Chicago Heights 20-$23,500$0-

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