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Saturday, April 20, 2024

Forest View home prices fall 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 Forest View fell by $21,500 while total sales increased by 50%, according to BlockShopper.com.

From January through March of 2018, there were three homes sold, with a median sale price of $120,000 - a 15.2% decrease over the $141,500 median sale price for the same period of the previous year. There were two homes sold in Forest View in the first quarter of 2017.

The median sales tax in Forest View for the most recent year with available data, 2017, was $4,766.10, approximately 4% of the median home sale price for the first quarter of 2018.

The following table compares Forest View 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)
Midlothian5557-3.5%$132,000$135,000-2.2%
Merrionette Park7540%$130,000$145,000-10.3%
Richton Park4850-4%$128,500$98,25030.8%
Alsip4875-36%$127,500$128,000-0.4%
Glenwood2645-42.2%$122,000$98,00024.5%
Forest View3250%$120,000$141,500-15.2%
Lansing105139-24.5%$118,500$78,00051.9%
Countryside1224-50%$114,500$188,500-39.3%
Maywood686111.5%$111,750$105,0006.4%
Country Club Hills876533.8%$110,000$105,0004.8%
Chicago Ridge3551-31.4%$102,000$87,00017.2%

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