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Chicago City Wire

Friday, April 26, 2024

West Garfield Park home prices fall in August 2017

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The median sale price of a home sold in August 2017 in West Garfield Park, a Chicago neighborhood, fell by $21,000 while total sales remained unchanged with nine homes sold, according to BlockShopper.com.

In August 2017, there were nine homes sold, with a median sale price of $43,000 - a 32.8% decrease over the $64,000 median sale price for the same period of the previous year. There were nine homes sold in West Garfield Park in August 2016, as well.

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 7.7%.

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

NeighborhoodAug. 2017 Home SalesAug. 2016 Home Sales% change (Total Home Sales)Aug. 2017 Median Sales PriceAug. 2016 Median Sales Price% change (Median Sales Price)
Back of the Yards1725-32%$85,000$54,00057.4%
South Deering171330.8%$75,000$27,000177.8%
Washington Heights69-33.3%$74,485.50$139,000-46.4%
West Pullman382740.7%$60,000$30,000100%
South Chicago 2328-17.9%$60,000$77,500-22.6%
Greater Grand Crossing3335-5.7%$50,000$47,0006.4%
Roseland/Pullman3738-2.6%$45,000$31,00045.2%
West Garfield Park990%$43,000$64,000-32.8%
Englewood39368.3%$37,000$17,000117.6%
West Englewood321877.8%$28,500$39,000-26.9%
Riverdale/Altgeld Gardens10-$10,000$0-

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