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Friday, April 26, 2024

Broadview home prices rise in the second half of 2017

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The median sale price of a home sold in the second half of 2017 in Broadview rose by $13,500 while total sales increased by 27.8%, according to BlockShopper.com.

From July through December of 2017, there were 69 homes sold, with a median sale price of $168,000 - a 8.7% increase over the $154,500 median sale price for the same period of the previous year. There were 54 homes sold in Broadview in the second half of 2016.

The median sales tax in Broadview for 2017 was $3,807. In 2016, the median sales tax was $3,411. This marks an increase of 11.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.3%.

The following table compares Broadview 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)
Northlake1048226.8%$175,000$170,0002.9%
Evergreen Park170177-4%$175,000$172,0001.7%
Oak Lawn5455361.7%$172,000$163,0005.5%
Elgin196239-18%$169,250$161,0005.1%
Hillside726216.1%$168,500$141,50019.1%
Broadview695427.8%$168,000$154,5008.7%
Schiller Park6576-14.5%$165,000$186,250-11.4%
Justice7173-2.7%$163,000$157,0003.8%
Lyons7883-6%$159,000$130,00022.3%
Cicero303324-6.5%$156,000$137,00013.9%
Alsip138151-8.6%$150,000$136,00010.3%

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