April 2021: Home prices in Oakland fell

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The median sale price of a home sold in April 2021 in Oakland, a Chicago neighborhood, fell by $185,000 while total sales increased by 250%, according to BlockShopper.com.

In April 2021, there were seven homes sold, with a median sale price of $104,500 - a 63.9% decrease over the $289,500 median sale price for the same period of the previous year. There were two homes sold in Oakland in April 2020.

The median sales tax in Oakland for the most recent year with available data, 2019, was $1,844, approximately 1.8% of the median home sale price for April 2021.

The following table compares Oakland to other Chicago neighborhood with similar median sale prices in April 2021:

NeighborhoodApr. 2021 Home SalesApr. 2020 Home Sales% change (Total Home Sales)Apr. 2021 Median Sales PriceApr. 2020 Median Sales Price% change (Median Sales Price)
East Side218162.5%$150,000$150,0000%
Washington Park40-$146,000$0-
Greater Grand Crossing529477.8%$142,000$135,0005.2%
South Chicago 3313153.8%$120,000$171,500-30%
West Pullman5912391.7%$104,000$107,750-3.5%
Back of the Yards182800%$97,750$117,500-16.8%
Washington Heights83166.7%$84,250$208,000-59.5%
West Englewood337371.4%$70,000$125,000-44%

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