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Chicago City Wire

Monday, November 25, 2024

Galewood home prices rose in April

Re 9

The median sale price of a home sold in April in Galewood, a Chicago neighborhood, rose by $21,000 while total sales decreased by 86.7 percent, according to BlockShopper.com.

In April, there were two homes sold, with a median sale price of $306,000 - a 7.4 percent increase over the $285,000 median sale price for the same period of the previous year. There were 15 homes sold in Galewood in April 2021.

The median sales tax in Galewood for the most recent year with available data, 2019, was $4,344, approximately 1.4 percent of the median home sale price for April.

The following table compares Galewood 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)
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
Edgewater 578-93.6$277,000$217,50027.4

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