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Thursday, April 18, 2024

Forest Park home prices rise in the first quarter of 2018

Realestate4

The median sale price of a home sold in the first quarter of 2018 in Forest Park rose by $50,000 while total sales increased by 3.3%, according to BlockShopper.com.

From January through March of 2018, there were 63 homes sold, with a median sale price of $215,000 - a 30.3% increase over the $165,000 median sale price for the same period of the previous year. There were 61 homes sold in Forest Park in the first quarter of 2017.

The median sales tax in Forest Park for the most recent year with available data, 2017, was $5,445.20, approximately 2.5% of the median home sale price for the first quarter of 2018.

The following table compares Forest Park 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)
Willow Springs272317.4%$227,500$265,000-14.2%
North Riverside1324-45.8%$220,000$228,250-3.6%
Bartlett5859-1.7%$218,500$222,500-1.8%
Elk Grove Village1669574.7%$218,000$223,000-2.2%
Elmwood Park846627.3%$217,500$182,75019%
Forest Park63613.3%$215,000$165,00030.3%
Palatine216262-17.6%$212,000$198,0007.1%
Bedford Park12-50%$210,000$207,5001.2%
Indian Head Park201717.6%$205,000$222,500-7.9%
Hodgkins30-$203,500$0-
Des Plaines221242-8.7%$203,000$192,2505.6%

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