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Friday, November 22, 2024

Brookfield 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 Brookfield fell by $3,000 while total sales increased by 51.9%, according to BlockShopper.com.

From January through March of 2017, there were 79 homes sold, with a median sale price of $214,000 - a 1.4% decrease over the $217,000 median sale price for the same period of the previous year. There were 52 homes sold in Brookfield in the first quarter of 2016.

The median sales tax in Brookfield for 2017 was $5,653.24. In 2016, the median sales tax was $5,290.20. This marks an increase of 6.9%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.6%.

The following table compares Brookfield 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)
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%
Olympia Fields21210%$220,000$167,00031.7%
Brookfield795251.9%$214,000$217,000-1.4%
Bedford Park220%$207,500$137,50050.9%
Flossmoor574042.5%$205,000$150,25036.4%
Berwyn17915217.8%$203,000$157,50028.9%
Palatine26221124.2%$198,000$195,0001.5%
Schiller Park3235-8.6%$195,500$153,00027.8%

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