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Wednesday, April 24, 2024

Countryside home prices rise in the first quarter of 2017

Realestate3

The median sale price of a home sold in the first quarter of 2017 in Countryside rose by $38,500 while total sales increased by 26.3%, according to BlockShopper.com.

From January through March of 2017, there were 24 homes sold, with a median sale price of $188,500 - a 25.7% increase over the $150,000 median sale price for the same period of the previous year. There were 19 homes sold in Countryside in the first quarter of 2016.

The median sales tax in Countryside for 2017 was $4,188.31. In 2016, the median sales tax was $4,055.30. This marks an increase of 3.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.2%.

The following table compares Countryside 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)
Schiller Park3235-8.6%$195,500$153,00027.8%
Buffalo Grove795543.6%$193,000$179,0007.8%
Des Plaines2422353%$192,250$176,5008.9%
Hickory Hills3741-9.8%$190,000$179,0006.1%
Rolling Meadows745925.4%$189,000$191,500-1.3%
Countryside241926.3%$188,500$150,00025.7%
Elmwood Park66643.1%$182,750$174,2504.9%
Schaumburg2622495.2%$180,750$168,0007.6%
Elmhurst21100%$180,250$190,000-5.1%
Streamwood1551540.6%$180,000$157,25014.5%
Orland Hills231553.3%$179,000$215,000-16.7%

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