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Saturday, November 23, 2024

Hinsdale (Cook County) home prices rise in the first quarter of 2017

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The median sale price of a home sold in the first quarter of 2017 in Hinsdale in Cook County rose by $89,500 while total sales increased by 20%, according to BlockShopper.com.

From January through March of 2017, there were 12 homes sold, with a median sale price of $944,500 - a 10.5% increase over the $855,000 median sale price for the same period of the previous year. There were 10 homes sold in Hinsdale in the first quarter of 2016.

The median sales tax in Hinsdale for 2017 was $15,765.46. In 2016, the median sales tax was $14,281.30. This marks an increase of 10.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.7%.

The following table compares Hinsdale to other Cook County cities with similar median sales prices in the first quarter of 2017:

CityJan. - Mar. 2017 Home SalesJan. - Mar. 2016 Home Sales% change (Total Home Sales)Jan. - Mar. 2017 Median Sales PriceJan. - Mar. 2016 Median Sales Price% change (Median Sales Price)
Hinsdale121020%$944,500$855,00010.5%
Winnetka634346.5%$920,000$1,050,000-12.4%
Northbrook West31200%$790,000$930,000-15.1%
Kenilworth9580%$776,000$1,700,000-54.4%
Glencoe272035%$725,000$545,00033%
Barrington Hills36-50%$638,000$637,5000.1%
Wilmette8589-4.5%$610,000$650,000-6.2%
South Barrington12933.3%$594,250$750,000-20.8%
Inverness261573.3%$550,500$475,00015.9%
Burr Ridge1519-21.1%$470,000$525,000-10.5%
Western Springs3947-17%$452,000$546,000-17.2%
* This story only considers sales data for the part of Hinsdale that is in Cook County.

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