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Friday, April 26, 2024

Berkeley home prices rise 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 Berkeley rose by $10,000 while total sales decreased by 66.7%, according to BlockShopper.com.

From October through December of 2018, there were seven homes sold, with a median sale price of $193,000 - a 5.5% increase over the $183,000 median sale price for the same period of the previous year. There were 21 homes sold in Berkeley in the fourth quarter of 2017.

The median sales tax in Berkeley for the most recent year with available data, 2017, was $4,581.50, approximately 2.4% of the median home sale price for the fourth quarter of 2018.

The following table compares Berkeley 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)
Hodgkins20-$197,000$0-
Flossmoor2441-41.5%$196,000$170,00015.3%
Streamwood124174-28.7%$194,500$181,7507%
Lyons1543-65.1%$194,000$168,00015.5%
Hillside1529-48.3%$193,500$167,00015.9%
Berkeley721-66.7%$193,000$183,0005.5%
Schaumburg199319-37.6%$192,000$184,0004.3%
Olympia Fields1519-21.1%$188,000$186,5000.8%
Cicero99152-34.9%$188,000$155,00021.3%
Tinley Park151213-29.1%$188,000$178,0005.6%
Oak Forest63122-48.4%$185,000$172,2507.4%

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