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Friday, April 26, 2024

North Riverside home prices fall in the fourth quarter of 2018

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The median sale price of a home sold in the fourth quarter of 2018 in North Riverside fell by $18,500 while total sales decreased by 42.9%, according to BlockShopper.com.

From October through December of 2018, there were 16 homes sold, with a median sale price of $227,500 - a 7.5% decrease over the $246,000 median sale price for the same period of the previous year. There were 28 homes sold in North Riverside in the fourth quarter of 2017.

The median sales tax in North Riverside for the most recent year with available data, 2017, was $4,404.30, approximately 1.9% of the median home sale price for the fourth quarter of 2018.

The following table compares North Riverside to other Cook County cities with similar median sales prices in the fourth quarter of 2018:

CityOct. - Dec. 2018 Home SalesOct. - Dec. 2017 Home Sales% change (Total Home Sales)Oct. - Dec. 2018 Median Sales PriceOct. - Dec. 2017 Median Sales Price% change (Median Sales Price)
Westchester5878-25.6%$239,250$225,7506%
Harwood Heights2130-30%$235,000$271,000-13.3%
Des Plaines191289-33.9%$235,000$215,5009%
Orland Park173271-36.2%$232,000$235,000-1.3%
Willow Springs2134-38.2%$230,000$219,7504.7%
North Riverside1628-42.9%$227,500$246,000-7.5%
Elk Grove Village83122-32%$227,000$228,750-0.8%
Bedford Park23-33.3%$222,500$150,00048.3%
River Grove1944-56.8%$220,000$207,5006%
Stickney1526-42.3%$220,000$161,00036.6%
Berwyn120182-34.1%$218,250$200,0009.1%

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