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Wednesday, April 24, 2024

Stone Park 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 Stone Park rose by $44,000 while total sales increased by 133.3%, according to BlockShopper.com.

From January through March of 2018, there were seven homes sold, with a median sale price of $163,000 - a 37% increase over the $119,000 median sale price for the same period of the previous year. There were three homes sold in Stone Park in the first quarter of 2017.

The median sales tax in Stone Park for the most recent year with available data, 2017, was $4,651.10, approximately 2.9% of the median home sale price for the first quarter of 2018.

The following table compares Stone 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)
Elgin6987-20.7%$170,000$150,00013.3%
Lynwood2328-17.9%$170,000$137,00024.1%
Oak Forest9092-2.2%$169,500$153,25010.6%
Steger913-30.8%$167,000$80,000108.8%
Cicero121165-26.7%$165,000$148,00011.5%
Stone Park73133.3%$163,000$119,00037%
Northlake393318.2%$160,000$130,00023.1%
Hillside1827-33.3%$159,500$130,00022.7%
Olympia Fields2021-4.8%$155,500$220,000-29.3%
Summit2330-23.3%$155,000$133,50016.1%
Worth3646-21.7%$154,000$103,00049.5%

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