Oakland home prices rise in July 2020

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The median sale price of a home sold in July 2020 in Oakland, a Chicago neighborhood, rose by $4,750 while total sales decreased by 25%, according to BlockShopper.com.

In July 2020, there were three homes sold, with a median sale price of $98,000 - a 5.1% increase over the $93,250 median sale price for the same period of the previous year. There were four homes sold in Oakland in July 2019.

The median sales tax in Oakland for the most recent year with available data, 2019, was $1,844, approximately 1.9% of the median home sale price for July 2020.

The following table compares Oakland to other Chicago neighborhood with similar median sales prices in July 2020:

NeighborhoodJuly 2020 Home SalesJuly 2019 Home Sales% change (Total Home Sales)July 2020 Median Sales PriceJuly 2019 Median Sales Price% change (Median Sales Price)
South Chicago 1335-62.9%$135,000$81,00066.7%
East Side714-50%$135,000$124,2508.7%
South Deering220-90%$126,500$96,50031.1%
Brainerd1728-39.3%$124,000$127,750-2.9%
West Englewood1032-68.8%$115,000$58,00098.3%
Burnside1424-41.7%$98,250$102,500-4.1%
Oakland34-25%$98,000$93,2505.1%
Greater Grand Crossing1937-48.6%$98,000$111,000-11.7%
West Pullman1234-64.7%$85,750$87,750-2.3%
Englewood2231-29%$52,750$40,00031.9%
Riverdale/Altgeld Gardens10-$35,000$0-

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