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:
| Neighborhood | Apr. 2021 Home Sales | Apr. 2020 Home Sales | % change (Total Home Sales) | Apr. 2021 Median Sales Price | Apr. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| East Side | 21 | 8 | 162.5% | $150,000 | $150,000 | 0% |
| Washington Park | 4 | 0 | - | $146,000 | $0 | - |
| Greater Grand Crossing | 52 | 9 | 477.8% | $142,000 | $135,000 | 5.2% |
| South Chicago | 33 | 13 | 153.8% | $120,000 | $171,500 | -30% |
| Roseland/Pullman | 79 | 13 | 507.7% | $109,500 | $100,500 | 9% |
| Oakland | 7 | 2 | 250% | $104,500 | $289,500 | -63.9% |
| West Pullman | 59 | 12 | 391.7% | $104,000 | $107,750 | -3.5% |
| Back of the Yards | 18 | 2 | 800% | $97,750 | $117,500 | -16.8% |
| Englewood | 53 | 25 | 112% | $85,000 | $60,000 | 41.7% |
| Washington Heights | 8 | 3 | 166.7% | $84,250 | $208,000 | -59.5% |
| West Englewood | 33 | 7 | 371.4% | $70,000 | $125,000 | -44% |
Alerts Sign-up