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Chicago City Wire

Thursday, April 25, 2024

West Garfield Park home prices rise in February 2018

Realestate2

The median sale price of a home sold in February 2018 in West Garfield Park, a Chicago neighborhood, rose by $27,500 while total sales increased by 25%, according to BlockShopper.com.

In February 2018, there were 15 homes sold, with a median sale price of $75,000 - a 57.9% increase over the $47,500 median sale price for the same period of the previous year. There were 12 homes sold in West Garfield Park in February 2017.

The median sales tax in West Garfield Park for the most recent year with available data, 2017, was $3,294, approximately 4.4% of the median home sale price for February 2018.

The following table compares West Garfield Park to other Chicago neighborhood with similar median sales prices in February 2018:

NeighborhoodFeb. 2018 Home SalesFeb. 2017 Home Sales% change (Total Home Sales)Feb. 2018 Median Sales PriceFeb. 2017 Median Sales Price% change (Median Sales Price)
Hegewisch4333.3%$86,500$91,500-5.5%
Brainerd2122-4.5%$82,000$81,0001.2%
Gresham484311.6%$80,750$64,00026.2%
Morgan Park 16977.8%$80,000$218,500-63.4%
South Chicago 1621-23.8%$77,000$41,00087.8%
West Garfield Park151225%$75,000$47,50057.9%
Forest Glen110%$71,000$372,000-80.9%
West Hometown220%$67,000$77,000-13%
Greater Grand Crossing373312.1%$65,000$60,0008.3%
West Pullman272222.7%$65,000$71,500-9.1%
West Englewood2410140%$65,000$31,000109.7%

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