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Friday, November 1, 2024

North Riverside home prices rise in the third quarter of 2017

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The median sale price of a home sold in the third quarter of 2017 in North Riverside rose by $20,000 while total sales decreased by 6.1%, according to BlockShopper.com.

From July through September of 2017, there were 31 homes sold, with a median sale price of $248,000 - a 8.8% increase over the $228,000 median sale price for the same period of the previous year. There were 33 homes sold in North Riverside in the third 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 1.8%.

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

CityJuly - Sept. 2017 Home SalesJuly - Sept. 2016 Home Sales% change (Total Home Sales)July - Sept. 2017 Median Sales PriceJuly - Sept. 2016 Median Sales Price% change (Median Sales Price)
Hoffman Estates249251-0.8%$258,000$242,5006.4%
Palos Heights5574-25.7%$255,000$234,5008.7%
Orland Park329349-5.7%$254,000$232,0009.5%
Harwood Heights332913.8%$250,000$250,0000%
Elk Grove Village177198-10.6%$250,000$227,00010.1%
North Riverside3133-6.1%$248,000$228,0008.8%
Forest Park84113-25.7%$245,000$215,00014%
Buffalo Grove91110-17.3%$243,500$218,50011.4%
Brookfield103121-14.9%$238,500$235,5001.3%
Des Plaines348409-14.9%$236,250$200,00018.1%
Westchester105106-0.9%$235,000$226,0004%

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