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Sunday, November 24, 2024

What happened to the median home price in East Garfield Park during April?

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The median sale price of a home sold in April in East Garfield Park, a Chicago neighborhood, fell by $67,500 while total sales decreased by 92 percent, according to BlockShopper.com.

In April, there were two homes sold, with a median sale price of $157,500 - a 30 percent decrease from the $225,000 median sale price for the same period of the previous year. There were 25 homes sold in East Garfield Park in April 2021.

The median sales tax in East Garfield Park for the most recent year with available data, 2019, was $2,475, approximately 1.6 percent of the median home sale price for April.

The following table compares East Garfield Park 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)
Buena Park334-91.2$178,000$247,500-28.1
West Hometown117-94.1$175,000$165,0006.1
Canaryville/Fuller Park26-66.7$173,750$334,750-48.1
Greater Grand Crossing852-84.6$165,500$142,00016.5
Rogers Park278-97.4$162,250$215,000-24.5
East Garfield Park225-92$157,500$225,000-30
Burnside137-97.3$155,000$150,0003.3
Morgan Park 435-88.6$152,000$235,000-35.3
Marquette Park337-91.9$144,500$200,000-27.8
South Chicago 233-93.9$137,750$120,00014.8
Chicago Lawn35-40$125,000$255,000-51

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