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Friday, November 22, 2024

North Riverside 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 North Riverside rose by $23,250 while total sales increased by 9.1%, according to BlockShopper.com.

From January through March of 2017, there were 24 homes sold, with a median sale price of $228,250 - a 11.3% increase over the $205,000 median sale price for the same period of the previous year. There were 22 homes sold in North Riverside in the first quarter of 2016.

The median sales tax in North Riverside for 2017 was $4,404.34. In 2016, the median sales tax was $4,136.70. This marks an increase of 6.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.9%.

The following table compares North Riverside 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)
Norridge47470%$255,000$247,0003.2%
Prospect Heights4145-8.9%$250,000$240,0004.2%
Palos Heights3639-7.7%$244,000$215,00013.5%
Westchester635514.5%$231,000$183,00026.2%
Orland Park21018513.5%$229,750$220,0004.4%
North Riverside24229.1%$228,250$205,00011.3%
Elk Grove Village95914.4%$223,000$196,00013.8%
Indian Head Park1722-22.7%$222,500$207,0007.5%
Bartlett59565.4%$222,500$216,5002.8%
Mission Hills Estates550%$222,000$300,000-26%
Hoffman Estates144154-6.5%$221,000$190,25016.2%

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