In June 2017, there were 22 homes sold, with a median sale price of $264,000 - a 2.2% decrease over the $270,000 median sale price for the same period of the previous year. There were 10 homes sold in Galewood in June 2016.
The median sales tax in Galewood for 2017 was $4,243. In 2016, the median sales tax was $4,107. This marks an increase of 3.3%. 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 Galewood to other Chicago neighborhood with similar median sales prices in June 2017:
| Neighborhood | June 2017 Home Sales | June 2016 Home Sales | % change (Total Home Sales) | June 2017 Median Sales Price | June 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Humboldt Park | 65 | 59 | 10.2% | $276,000 | $303,000 | -8.9% |
| Beverly | 35 | 19 | 84.2% | $274,000 | $299,500 | -8.5% |
| Chinatown | 3 | 3 | 0% | $270,000 | $236,000 | 14.4% |
| Hermosa | 18 | 25 | -28% | $270,000 | $187,500 | 44% |
| Belmont/Cragin | 62 | 41 | 51.2% | $265,000 | $220,000 | 20.5% |
| Galewood | 22 | 10 | 120% | $264,000 | $270,000 | -2.2% |
| Union Ridge | 7 | 11 | -36.4% | $264,000 | $268,000 | -1.5% |
| Kenwood | 16 | 10 | 60% | $262,500 | $236,250 | 11.1% |
| Dunning | 63 | 67 | -6% | $252,000 | $241,000 | 4.6% |
| Big Oaks | 10 | 8 | 25% | $247,500 | $299,250 | -17.3% |
| Albany Park | 70 | 63 | 11.1% | $246,500 | $270,000 | -8.7% |
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