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Friday, November 1, 2024

Westchester 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 Westchester rose by $9,000 while total sales decreased by 0.9%, according to BlockShopper.com.

From July through September of 2017, there were 105 homes sold, with a median sale price of $235,000 - a 4% increase over the $226,000 median sale price for the same period of the previous year. There were 106 homes sold in Westchester in the third quarter of 2016.

The median sales tax in Westchester for 2017 was $4,915.07. In 2016, the median sales tax was $4,505.70. This marks an increase of 9.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.1%.

The following table compares Westchester 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)
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%
Countryside2527-7.4%$234,500$260,000-9.8%
Bartlett1111091.8%$230,000$250,000-8%
Forest View45-20%$228,750$245,000-6.6%
Elmwood Park105111-5.4%$227,000$244,000-7%
Indian Head Park3032-6.3%$226,500$213,5006.1%

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