From October through December of 2017, there were 60 homes sold, with a median sale price of $226,250 - a 27.3% increase over the $177,750 median sale price for the same period of the previous year. There were 62 homes sold in Forest Park in the fourth quarter of 2016.
The median sales tax in Forest Park for 2017 was $5,445.19. In 2016, the median sales tax was $4,859.70. This marks an increase of 12%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.4%.
The following table compares Forest Park to other Cook County cities with similar median sales prices in the fourth quarter of 2017:
| City | Oct. - Dec. 2017 Home Sales | Oct. - Dec. 2016 Home Sales | % change (Total Home Sales) | Oct. - Dec. 2017 Median Sales Price | Oct. - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Elmwood Park | 76 | 99 | -23.2% | $242,750 | $200,000 | 21.4% |
| Orland Park | 271 | 281 | -3.6% | $235,000 | $246,000 | -4.5% |
| Brookfield | 73 | 72 | 1.4% | $235,000 | $214,500 | 9.6% |
| Elk Grove Village | 122 | 128 | -4.7% | $228,750 | $231,500 | -1.2% |
| Countryside | 24 | 18 | 33.3% | $228,000 | $181,500 | 25.6% |
| Forest Park | 60 | 62 | -3.2% | $226,250 | $177,750 | 27.3% |
| Westchester | 78 | 78 | 0% | $225,750 | $214,500 | 5.2% |
| Indian Head Park | 35 | 26 | 34.6% | $225,000 | $224,500 | 0.2% |
| Palatine | 308 | 286 | 7.7% | $220,000 | $201,250 | 9.3% |
| Willow Springs | 34 | 22 | 54.5% | $219,750 | $185,000 | 18.8% |
| Des Plaines | 289 | 306 | -5.6% | $215,500 | $203,500 | 5.9% |
Alerts Sign-up