Chicago City Wire

Chicago City Wire

Thursday, October 17, 2019

East Garfield Park home prices rise in December 2018

Real Estate

By Local Labs News Service | Jan 7, 2019


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:

Neighborhood
Dec. 2018 Home Sales
Dec. 2017 Home Sales
% change (Total Home Sales)
Dec. 2018 Median Sales Price
Dec. 2017 Median Sales Price
% change (Median Sales Price)
South Loop
487
64
660.9%
$177,000
$298,750
-40.8%
Wrightwood
14
18
-22.2%
$176,500
$202,500
-12.8%
Hyde Park
14
15
-6.7%
$176,250
$223,000
-21%
Edgewater
43
52
-17.3%
$175,000
$199,500
-12.3%
Rogers Park
46
37
24.3%
$175,000
$193,500
-9.6%
East Garfield Park
20
14
42.9%
$173,500
$145,000
19.7%
Chicago Lawn
11
13
-15.4%
$170,000
$159,000
6.9%
East Merrionette Park
1
3
-66.7%
$165,000
$223,500
-26.2%
Ashburn
15
23
-34.8%
$165,000
$159,000
3.8%
Uptown
29
30
-3.3%
$165,000
$291,750
-43.4%
Austin
59
54
9.3%
$160,000
$165,000
-3%

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