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Monday, November 25, 2024

Western Springs home prices rise in the first quarter of 2018

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The median sale price of a home sold in the first quarter of 2018 in Western Springs rose by $55,000 while total sales decreased by 7.7%, according to BlockShopper.com.

From January through March of 2018, there were 36 homes sold, with a median sale price of $507,000 - a 12.2% increase over the $452,000 median sale price for the same period of the previous year. There were 39 homes sold in Western Springs in the first quarter of 2017.

The median sales tax in Western Springs for the most recent year with available data, 2017, was $10,034, approximately 2% of the median home sale price for the first quarter of 2018.

The following table compares Western Springs to other Cook County cities with similar median sales prices in the first quarter of 2018:

CityJan. - Mar. 2018 Home SalesJan. - Mar. 2017 Home Sales% change (Total Home Sales)Jan. - Mar. 2018 Median Sales PriceJan. - Mar. 2017 Median Sales Price% change (Median Sales Price)
Hinsdale12120%$850,000$944,500-10%
South Barrington912-25%$850,000$594,25043%
Glencoe332722.2%$810,000$725,00011.7%
Wilmette968512.9%$605,000$610,000-0.8%
Burr Ridge1415-6.7%$556,250$470,00018.4%
Western Springs3639-7.7%$507,000$452,00012.2%
Barrington Hills23-33.3%$490,000$638,000-23.2%
Glenview144158-8.9%$439,000$375,50016.9%
Inverness1726-34.6%$425,000$550,500-22.8%
River Forest3146-32.6%$415,000$365,00013.7%
Northbrook108139-22.3%$397,500$447,500-11.2%

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