Falling home prices in Burr Ridge (Cook County) in May 2021

Falling home prices in Burr Ridge (Cook County) in May 2021
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The median sale price of a home sold in May 2021 in Burr Ridge in Cook County fell by $335,250 while total sales increased by 500%, according to BlockShopper.com.

In May 2021, there were 12 homes sold, with a median sale price of $508,750 – a 39.7% decrease over the $844,000 median sale price for the same period of the previous year. There were two homes sold in Burr Ridge in May 2020.

The median sales tax in Burr Ridge for the most recent year with available data, 2019, was $9,396, approximately 1.8% of the median home sale price for May 2021.

The following table compares Burr Ridge to other Cook County cities with similar median sale prices in May 2021:

City May 2021 Home Sales May 2020 Home Sales % change (Total Home Sales) May 2021 Median Sales Price May 2020 Median Sales Price % change (Median Sales Price)
Barrington Hills 7 2 250% $600,000 $546,500 9.8%
Inverness 21 5 320% $560,000 $675,000 -17%
La Grange 29 17 70.6% $560,000 $403,000 39%
Glenview 118 36 227.8% $550,000 $516,500 6.5%
Fox Chase Estates 1 0 – $523,000 $0 –
Burr Ridge 12 2 500% $508,750 $844,000 -39.7%
Barrington 22 6 266.7% $503,000 $360,000 39.7%
Rosemont 3 0 – $500,000 $0 –
Park Ridge 73 31 135.5% $475,000 $450,000 5.6%
Palos Park 15 6 150% $470,000 $330,000 42.4%
Northbrook 75 19 294.7% $465,000 $510,000 -8.8%

* This story only considers sales data for the part of Burr Ridge that is in Cook County.



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