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Friday, April 19, 2024

La Grange Highlands home prices fall 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 La Grange Highlands fell by $25,000 while total sales increased by 33.3%, according to BlockShopper.com.

From January through March of 2017, there were 12 homes sold, with a median sale price of $285,000 - a 8.1% decrease over the $310,000 median sale price for the same period of the previous year. There were nine homes sold in La Grange Highlands in the first quarter of 2016.

The median sales tax in La Grange Highlands for 2017 was $5,759.80. In 2016, the median sales tax was $5,151.30. This marks an increase of 11.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2%.

The following table compares La Grange Highlands 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)
Oak Park1781657.9%$320,000$272,50017.4%
Evanston20218111.6%$320,000$300,0006.7%
Palos Park312334.8%$300,000$245,00022.4%
Skokie183190-3.7%$288,000$270,0006.7%
Lemont5055-9.1%$285,000$340,000-16.2%
La Grange Highlands12933.3%$285,000$310,000-8.1%
Glenbrook Countryside23-33.3%$280,250$312,500-10.3%
Arlington Heights27820535.6%$275,500$277,000-0.5%
Morton Grove857119.7%$275,500$239,00015.3%
Mount Prospect1491471.4%$270,000$270,0000%
Harwood Heights332437.5%$270,000$220,00022.7%

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