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West Cook News

Thursday, April 18, 2024

Northlake home prices rise in 2018

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The median sale price of a home sold in 2018 in Northlake rose by $4,250 while total sales decreased by 15.4%, according to BlockShopper.com.

From January through December of 2018, there were 148 homes sold, with a median sale price of $174,250 - a 2.5% increase over the $170,000 median sale price for the previous year. There were 175 homes sold in Northlake in 2017.

The median sales tax in Northlake for the most recent year with available data, 2017, was $4,756, approximately 2.7% of the median home sale price for 2018.

The following table compares Northlake to other Cook County cities with similar median sales prices in 2018:

CityJan. - Dec. 2018 Home SalesJan. - Dec. 2017 Home Sales% change (Total Home Sales)Jan. - Dec. 2018 Median Sales PriceJan. - Dec. 2017 Median Sales Price% change (Median Sales Price)
Bridgeview140160-12.5%$180,000$173,5003.7%
Lyons126154-18.2%$180,000$146,00023.3%
Elgin322404-20.3%$177,000$166,0006.6%
Cicero491619-20.7%$175,000$152,50014.8%
Oak Lawn9541,085-12.1%$175,000$167,5004.5%
Northlake148175-15.4%$174,250$170,0002.5%
Countryside8990-1.1%$166,500$216,500-23.1%
Lynwood94109-13.8%$163,250$129,00026.6%
Palos Hills2852724.8%$160,000$152,5004.9%
Summit78109-28.4%$159,750$153,0004.4%
Worth18616810.7%$154,000$123,50024.7%

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