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Friday, April 19, 2024

Western Springs home prices rise in the first half of 2018

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The median sale price of a home sold in the first half of 2018 in Western Springs rose by $45,000 while total sales increased by 14.3%, according to BlockShopper.com.

From January through June of 2018, there were 120 homes sold, with a median sale price of $545,000 - a 9% increase over the $500,000 median sale price for the same period of the previous year. There were 105 homes sold in Western Springs in the first half of 2017.

The median sales tax in Western Springs for the most recent year with available data, 2017, was $10,034, approximately 1.8% of the median home sale price for the first half of 2018.

The following table compares Western Springs to other Cook County cities with similar median sales prices in the first half of 2018:

CityJan. - June 2018 Home SalesJan. - June 2017 Home Sales% change (Total Home Sales)Jan. - June 2018 Median Sales PriceJan. - June 2017 Median Sales Price% change (Median Sales Price)
Hinsdale32306.7%$717,500$680,0005.5%
Wilmette261274-4.7%$700,000$613,75014.1%
Golf14-75%$700,000$870,000-19.5%
South Barrington2837-24.3%$650,000$615,0005.7%
Glenbrook Countryside48-50%$625,000$327,50090.8%
Western Springs12010514.3%$545,000$500,0009%
Barrington Hills13128.3%$520,000$727,500-28.5%
Inverness5964-7.8%$510,000$578,000-11.8%
Burr Ridge3448-29.2%$481,250$540,000-10.9%
Equestrian Estates5366.7%$477,500$545,000-12.4%
River Forest109123-11.4%$470,000$499,000-5.8%

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