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Friday, April 26, 2024

Berwyn home prices rise in the second half of 2017

Realestate4

The median sale price of a home sold in the second half of 2017 in Berwyn rose by $7,000 while total sales decreased by 1.3%, according to BlockShopper.com.

From July through December of 2017, there were 371 homes sold, with a median sale price of $202,000 - a 3.6% increase over the $195,000 median sale price for the same period of the previous year. There were 376 homes sold in Berwyn in the second half of 2016.

The median sales tax in Berwyn for 2017 was $5,672. In 2016, the median sales tax was $4,822. This marks an increase of 17.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.8%.

The following table compares Berwyn 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)
Roselle3558-39.7%$223,000$213,0004.7%
Elmhurst330%$220,000$165,00033.3%
Willow Springs744951%$220,000$210,0004.8%
Rolling Meadows206226-8.8%$217,500$200,0008.8%
Buffalo Grove160178-10.1%$216,000$203,0006.4%
Berwyn371376-1.3%$202,000$195,0003.6%
River Grove937229.2%$200,000$158,00026.6%
Forest View79-22.2%$195,000$175,00011.4%
Hickory Hills90103-12.6%$191,000$200,000-4.5%
Orland Hills544812.5%$191,000$191,750-0.4%
Rosemont1217-29.4%$191,000$310,000-38.4%

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