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Friday, April 19, 2024

Garfield Ridge home prices rise in 2019

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The median sale price of a home sold in 2019 in Garfield Ridge, a Chicago neighborhood, rose by $17,500 while total sales decreased by 6.5%, according to BlockShopper.com.

From January through December of 2019, there were 475 homes sold, with a median sale price of $242,500 - a 7.8% increase over the $225,000 median sale price for the previous year. There were 508 homes sold in Garfield Ridge in 2018.

The median sales tax in Garfield Ridge for the most recent year with available data, 2018, was $3,563, approximately 1.5% of the median home sale price for 2019.

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

NeighborhoodJan. - Dec. 2019 Home SalesJan. - Dec. 2018 Home Sales% change (Total Home Sales)Jan. - Dec. 2019 Median Sales PriceJan. - Dec. 2018 Median Sales Price% change (Median Sales Price)
Montclare130158-17.7%$255,500$254,5000.4%
Dunning6506028%$250,500$257,500-2.7%
Buena Park241300-19.7%$249,000$236,5005.3%
Uptown530571-7.2%$245,250$226,5008.3%
Mount Greenwood2562502.4%$245,000$236,0003.8%
Garfield Ridge475508-6.5%$242,500$225,0007.8%
Tri-Taylor3944-11.4%$237,000$246,000-3.7%
Clearing234245-4.5%$234,250$217,0007.9%
Bronzeville345354-2.5%$233,000$220,0005.9%
Archer Heights107125-14.4%$232,000$210,00010.5%
Hyde Park274294-6.8%$230,500$215,0007.2%

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