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Chicago City Wire

Tuesday, April 16, 2024

West Garfield Park home prices fall in March 2018

Realestate3

The median sale price of a home sold in March 2018 in West Garfield Park, a Chicago neighborhood, fell by $17,000 while total sales decreased by 33.3%, according to BlockShopper.com.

In March 2018, there were six homes sold, with a median sale price of $49,000 - a 25.8% decrease over the $66,000 median sale price for the same period of the previous year. There were nine homes sold in West Garfield Park in March 2017.

The median sales tax in West Garfield Park for the most recent year with available data, 2017, was $3,294, approximately 6.7% of the median home sale price for March 2018.

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

NeighborhoodMar. 2018 Home SalesMar. 2017 Home Sales% change (Total Home Sales)Mar. 2018 Median Sales PriceMar. 2017 Median Sales Price% change (Median Sales Price)
Roseland/Pullman493636.1%$70,000$44,50057.3%
Back of the Yards1327-51.9%$70,000$50,00040%
Gresham54540%$67,500$68,500-1.5%
Washington Park84100%$60,500$86,000-29.7%
Greater Grand Crossing473342.4%$55,000$65,000-15.4%
West Garfield Park69-33.3%$49,000$66,000-25.8%
West Pullman412286.4%$45,000$41,2509.1%
Englewood34340%$45,000$29,50052.5%
Burnside1523-34.8%$40,000$65,000-38.5%
South Deering12120%$38,750$32,75018.3%
West Englewood1622-27.3%$32,500$25,25028.7%

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