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Chicago City Wire

Monday, November 25, 2024

What happened to the median home price in Gold Coast during April?

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The median sale price of a home sold in April in Gold Coast, a Chicago neighborhood, fell by $120,000 while total sales decreased by 85 percent, according to BlockShopper.com.

In April, there were 12 homes sold, with a median sale price of $332,500 - a 26.5 percent decrease from the $452,500 median sale price for the same period of the previous year. There were 80 homes sold in Gold Coast in April 2021.

The median sales tax in Gold Coast for the most recent year with available data, 2019, was $5,974, approximately 1.8 percent of the median home sale price for April.

The following table compares Gold Coast to other Chicago neighborhood with similar median sale prices in April:

NeighborhoodApril 2022 Home SalesApril 2021 Home Sales% change (Total Home Sales)April 2022 Median Sales PriceApril 2021 Median Sales Price% change (Median Sales Price)
Hermosa 325-88$355,000$315,00012.7
Heart of Chicago18-87.5$350,000$444,000-21.2
Jefferson Park1035-71.4$349,000$399,000-12.5
Ravenswood 552-90.4$346,000$389,500-11.2
Ashburn 215-86.7$342,000$216,00058.3
Gold Coast1280-85$332,500$452,500-26.5
Wicker Park137-97.3$325,000$550,000-40.9
West Rogers Park877-89.6$324,750$290,00012
Big Oaks415-73.3$319,250$330,000-3.3
Galewood215-86.7$306,000$285,0007.4
River North539-87.2$305,000$388,000-21.4

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