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Friday, April 19, 2024

Forest Park home prices fall in the second quarter of 2018

Realestate077

The median sale price of a home sold in the second quarter of 2018 in Forest Park fell by $39,500 while total sales increased by 1%, according to BlockShopper.com.

From April through June of 2018, there were 98 homes sold, with a median sale price of $218,500 - a 15.3% decrease over the $258,000 median sale price for the same period of the previous year. There were 97 homes sold in Forest Park in the second 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 second quarter of 2018.

The following table compares Forest Park to other Cook County cities with similar median sales prices in the second quarter of 2018:

CityApr. - June 2018 Home SalesApr. - June 2017 Home Sales% change (Total Home Sales)Apr. - June 2018 Median Sales PriceApr. - June 2017 Median Sales Price% change (Median Sales Price)
Indian Head Park332817.9%$232,500$206,00012.9%
Berwyn2001990.5%$227,500$200,00013.8%
Des Plaines336357-5.9%$226,000$210,0007.6%
Hickory Hills634057.5%$225,000$221,7501.5%
Forest River15-80%$222,500$365,000-39%
Forest Park98971%$218,500$258,000-15.3%
Rolling Meadows13211712.8%$217,500$211,0003.1%
Hanover Park7287-17.2%$217,500$198,0009.8%
Flossmoor5666-15.2%$215,750$212,0001.8%
Hodgkins110%$215,000$125,00072%
Schiller Park352445.8%$215,000$212,7501.1%

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