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Chicago City Wire

Thursday, April 25, 2024

East Garfield Park home prices rise in December 2018

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The median sale price of a home sold in December 2018 in East Garfield Park, a Chicago neighborhood, rose by $28,500 while total sales increased by 42.9%, according to BlockShopper.com.

In December 2018, there were 20 homes sold, with a median sale price of $173,500 - a 19.7% increase over the $145,000 median sale price for the same period of the previous year. There were 14 homes sold in East Garfield Park in December 2017.

The median sales tax in East Garfield Park for the most recent year with available data, 2017, was $3,247, approximately 1.9% of the median home sale price for December 2018.

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

NeighborhoodDec. 2018 Home SalesDec. 2017 Home Sales% change (Total Home Sales)Dec. 2018 Median Sales PriceDec. 2017 Median Sales Price% change (Median Sales Price)
South Loop 48764660.9%$177,000$298,750-40.8%
Wrightwood1418-22.2%$176,500$202,500-12.8%
Hyde Park1415-6.7%$176,250$223,000-21%
Edgewater 4352-17.3%$175,000$199,500-12.3%
Rogers Park463724.3%$175,000$193,500-9.6%
East Garfield Park201442.9%$173,500$145,00019.7%
Chicago Lawn1113-15.4%$170,000$159,0006.9%
East Merrionette Park13-66.7%$165,000$223,500-26.2%
Ashburn 1523-34.8%$165,000$159,0003.8%
Uptown2930-3.3%$165,000$291,750-43.4%
Austin 59549.3%$160,000$165,000-3%

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