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Chicago City Wire

Monday, November 25, 2024

April: Home prices in Garfield Ridge fell

Realestate4

The median sale price of a home sold in April in Garfield Ridge, a Chicago neighborhood, fell by $27,750 while total sales decreased by 86.1 percent, according to BlockShopper.com.

In April, there were five homes sold, with a median sale price of $250,500 - a 10 percent decrease from the $278,250 median sale price for the same period of the previous year. There were 36 homes sold in Garfield Ridge in April 2021.

The median sales tax in Garfield Ridge for the most recent year with available data, 2019, was $3,577, approximately 1.4 percent of the median home sale price for April.

The following table compares Garfield Ridge 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)
University Village/Little Italy424-83.3$282,500$378,750-25.4
Edgewater 578-93.6$277,000$217,50027.4
Brighton Park218-88.9$262,750$230,00014.2
Bridgeport230-93.3$259,319$457,500-43.3
West Loop216-87.5$252,500$310,000-18.5
Garfield Ridge536-86.1$250,500$278,250-10
Hyde Park123-95.7$241,500$170,00042.1
Mount Greenwood326-88.5$238,000$253,500-6.1
Clearing329-89.7$231,000$261,000-11.5
West Lawn522-77.3$230,000$230,0000
West Elsdon414-71.4$227,250$239,750-5.2

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