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Chicago City Wire

Wednesday, May 8, 2024

Gage Park home prices fall in April 2019

Realestate5

The median sale price of a home sold in April 2019 in Gage Park, a Chicago neighborhood, fell by $3,000 while total sales decreased by 12.5%, according to BlockShopper.com.

In April 2019, there were 14 homes sold, with a median sale price of $132,750 - a 2.2% decrease over the $135,750 median sale price for the same period of the previous year. There were 16 homes sold in Gage Park in April 2018.

The median sales tax in Gage Park for the most recent year with available data, 2017, was $2,077, approximately 1.6% of the median home sale price for April 2019.

The following table compares Gage Park to other Chicago neighborhood with similar median sales prices in April 2019:

NeighborhoodApr. 2019 Home SalesApr. 2018 Home Sales% change (Total Home Sales)Apr. 2019 Median Sales PriceApr. 2018 Median Sales Price% change (Median Sales Price)
Little Village272317.4%$165,000$120,00037.5%
Marquette Park1529-48.3%$164,500$93,00076.9%
Calumet Heights 3142-26.2%$148,000$81,50081.6%
Oakland67-14.3%$141,500$160,000-11.6%
East Garfield Park924-62.5%$135,000$162,500-16.9%
Gage Park1416-12.5%$132,750$135,750-2.2%
Morgan Park 281764.7%$124,000$105,50017.5%
Brainerd392650%$115,000$74,00055.4%
O'Hare914-35.7%$111,000$151,000-26.5%
Gresham6670-5.7%$111,000$127,000-12.6%
Lawndale3943-9.3%$100,000$120,000-16.7%

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