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Friday, November 1, 2024

Stone Park home prices rise in the third quarter of 2017

Realestate4

The median sale price of a home sold in the third quarter of 2017 in Stone Park rose by $51,000 while total sales decreased by 25%, according to BlockShopper.com.

From July through September of 2017, there were six homes sold, with a median sale price of $132,500 - a 62.6% increase over the $81,500 median sale price for the same period of the previous year. There were eight homes sold in Stone Park in the third quarter of 2016.

The median sales tax in Stone Park for 2017 was $4,651.06. In 2016, the median sales tax was $4,363.70. This marks an increase of 6.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.5%.

The following table compares Stone Park 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)
Bellwood78728.3%$146,000$130,00012.3%
Midlothian7388-17%$140,000$129,0008.5%
Matteson977431.1%$139,000$130,0006.9%
Maywood947427%$135,000$80,00068.8%
Worth544520%$134,500$150,000-10.3%
Stone Park68-25%$132,500$81,50062.6%
Merrionette Park1012-16.7%$131,500$102,50028.3%
South Holland1079512.6%$123,000$107,00015%
Hometown292420.8%$118,000$102,50015.1%
Glenwood3234-5.9%$117,000$103,00013.6%
Lynwood322718.5%$114,000$147,000-22.4%

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