From July through December of 2017, there were 42 homes sold, with a median sale price of $493,750 - a 3.9% increase over the $475,000 median sale price for the same period of the previous year. There were 56 homes sold in Burr Ridge in the second half of 2016.
The median sales tax in Burr Ridge for 2017 was $9,445. In 2016, the median sales tax was $8,371. This marks an increase of 12.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.9%.
The following table compares Burr Ridge to other Cook County cities with similar median sales prices in the second half of 2017:
| City | July - Dec. 2017 Home Sales | July - Dec. 2016 Home Sales | % change (Total Home Sales) | July - Dec. 2017 Median Sales Price | July - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Golf | 3 | 6 | -50% | $812,500 | $772,500 | 5.2% |
| South Barrington | 39 | 37 | 5.4% | $750,000 | $650,000 | 15.4% |
| Equestrian Woods | 1 | 1 | 0% | $747,500 | $530,000 | 41% |
| Wilmette | 236 | 264 | -10.6% | $592,500 | $650,000 | -8.8% |
| Western Springs | 122 | 136 | -10.3% | $575,000 | $498,750 | 15.3% |
| Burr Ridge | 42 | 56 | -25% | $493,750 | $475,000 | 3.9% |
| Inverness | 67 | 62 | 8.1% | $487,500 | $540,000 | -9.7% |
| River Forest | 102 | 111 | -8.1% | $484,000 | $467,000 | 3.6% |
| Northbrook | 370 | 357 | 3.6% | $441,250 | $440,000 | 0.3% |
| Northfield | 75 | 63 | 19% | $440,000 | $466,500 | -5.7% |
| La Grange | 146 | 137 | 6.6% | $425,000 | $424,000 | 0.2% |
Alerts Sign-up