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Friday, April 19, 2024

La Grange home prices rise in the second half of 2017

Realestate1

The median sale price of a home sold in the second half of 2017 in La Grange rose by $1,000 while total sales increased by 6.6%, according to BlockShopper.com.

From July through December of 2017, there were 146 homes sold, with a median sale price of $425,000 - a 0.2% increase over the $424,000 median sale price for the same period of the previous year. There were 137 homes sold in La Grange in the second half of 2016.

The median sales tax in La Grange for 2017 was $9,393. In 2016, the median sales tax was $8,721. This marks an increase of 7.7%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.2%.

The following table compares La Grange to other Cook County cities with similar median sales prices in the second half of 2017:

CityJuly - Dec. 2017 Home SalesJuly - Dec. 2016 Home Sales% change (Total Home Sales)July - Dec. 2017 Median Sales PriceJuly - Dec. 2016 Median Sales Price% change (Median Sales Price)
Burr Ridge4256-25%$493,750$475,0003.9%
Inverness67628.1%$487,500$540,000-9.7%
River Forest102111-8.1%$484,000$467,0003.6%
Northbrook3703573.6%$441,250$440,0000.3%
Northfield756319%$440,000$466,500-5.7%
La Grange1461376.6%$425,000$424,0000.2%
Equestrian Estates14-75%$420,000$792,500-47%
Glenview496521-4.8%$412,000$450,000-8.4%
Park Ridge345380-9.2%$395,000$373,0005.9%
Barrington897715.6%$382,500$377,0001.5%
Riverside917619.7%$375,000$427,500-12.3%

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