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Chicago City Wire

Monday, November 25, 2024

April: Home prices in Big Oaks fell

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The median sale price of a home sold in April in Big Oaks, a Chicago neighborhood, fell by $10,750 while total sales decreased by 73.3 percent, according to BlockShopper.com.

In April, there were four homes sold, with a median sale price of $319,250 - a 3.3 percent decrease from the $330,000 median sale price for the same period of the previous year. There were 15 homes sold in Big Oaks in April 2021.

The median sales tax in Big Oaks for the most recent year with available data, 2019, was $4,835, approximately 1.5 percent of the median home sale price for April.

The following table compares Big Oaks 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)
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
Union Ridge29-77.8$301,000$340,000-11.5
Dunning682-92.7$283,250$303,000-6.5
University Village/Little Italy424-83.3$282,500$378,750-25.4

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