From January through December of 2017, there were 225 homes sold, with a median sale price of $493,000 - a 9.6% increase over the $450,000 median sale price for the previous year. There were 221 homes sold in River Forest in 2016.
The median sales tax in River Forest for 2017 was $13,181. In 2016, the median sales tax was $12,236. 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 2.7%.
The following table compares River Forest to other Cook County cities with similar median sales prices in 2017:
| City | Jan. - Dec. 2017 Home Sales | Jan. - Dec. 2016 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2017 Median Sales Price | Jan. - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Wilmette | 510 | 514 | -0.8% | $600,000 | $650,000 | -7.7% |
| Inverness | 131 | 103 | 27.2% | $535,000 | $510,000 | 4.9% |
| Equestrian Woods | 3 | 4 | -25% | $532,500 | $757,500 | -29.7% |
| Western Springs | 227 | 255 | -11% | $530,000 | $510,000 | 3.9% |
| Burr Ridge | 90 | 106 | -15.1% | $516,000 | $475,000 | 8.6% |
| River Forest | 225 | 221 | 1.8% | $493,000 | $450,000 | 9.6% |
| Equestrian Estates | 4 | 7 | -42.9% | $485,000 | $593,000 | -18.2% |
| Northfield | 124 | 121 | 2.5% | $456,000 | $490,000 | -6.9% |
| Northbrook | 726 | 663 | 9.5% | $449,500 | $440,000 | 2.2% |
| La Grange | 285 | 267 | 6.7% | $430,000 | $399,000 | 7.8% |
| Glenview | 942 | 945 | -0.3% | $412,250 | $425,000 | -3% |
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