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Thursday, February 20, 2020

East Garfield Park home prices rise in February 2019

Real Estate

By Local Labs News Service | Mar 7, 2019

Re 7

The median sale price of a home sold in February 2019 in East Garfield Park, a Chicago neighborhood, rose by $5,000 while total sales increased by 77.8%, according to BlockShopper.com.

In February 2019, there were 16 homes sold, with a median sale price of $145,000 - a 3.6% increase over the $140,000 median sale price for the same period of the previous year. There were nine homes sold in East Garfield Park in February 2018.

The median sales tax in East Garfield Park for the most recent year with available data, 2017, was $3,247, approximately 2.2% of the median home sale price for February 2019.

The following table compares East Garfield Park to other Chicago neighborhood with similar median sales prices in February 2019:

Neighborhood
Feb. 2019 Home Sales
Feb. 2018 Home Sales
% change (Total Home Sales)
Feb. 2019 Median Sales Price
Feb. 2018 Median Sales Price
% change (Median Sales Price)
Lawndale
34
26
30.8%
$167,250
$127,500
31.2%
Bronzeville
27
17
58.8%
$167,000
$200,000
-16.5%
Scottsdale
7
7
0%
$156,500
$188,000
-16.8%
Little Village
12
23
-47.8%
$149,500
$167,000
-10.5%
West Rogers Park
44
37
18.9%
$147,500
$230,000
-35.9%
East Garfield Park
16
9
77.8%
$145,000
$140,000
3.6%
Morgan Park
22
16
37.5%
$143,000
$80,000
78.8%
Calumet Heights
20
19
5.3%
$137,500
$147,500
-6.8%
East Merrionette Park
4
1
300%
$137,500
$122,000
12.7%
Austin
42
45
-6.7%
$135,500
$102,500
32.2%
West Elsdon
11
7
57.1%
$135,000
$219,000
-38.4%

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