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Friday, April 26, 2024

Western Springs home prices fall in January 2017

Realestate1

The median sale price of a home sold in January 2017 in Western Springs fell by $57,750 while total sales decreased by 12.5%, according to BlockShopper.com.

In January 2017, there were 14 homes sold, with a median sale price of $529,250 - a 9.8% decrease over the $587,000 median sale price for the same period of the previous year. There were 16 homes sold in Western Springs in January 2016.

The median sales tax in Western Springs for 2017 was $10,034. In 2016, the median sales tax was $9,089. This marks an increase of 10.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.9%.

The following table compares Western Springs to other Cook County cities with similar median sales prices in January 2017:

CityJan. 2017 Home SalesJan. 2016 Home Sales% change (Total Home Sales)Jan. 2017 Median Sales PriceJan. 2016 Median Sales Price% change (Median Sales Price)
Glencoe10911.1%$771,250$525,00046.9%
Inverness113266.7%$670,000$619,0008.2%
Wilmette2637-29.7%$608,000$670,000-9.3%
Burr Ridge48-50%$565,000$427,50032.2%
South Barrington63100%$540,750$3,750,000-85.6%
Western Springs1416-12.5%$529,250$587,000-9.8%
Deercrest Estates110%$475,000$172,000176.2%
Northfield9580%$455,000$770,000-40.9%
Northbrook55517.8%$430,000$390,00010.3%
Lincolnwood1213-7.7%$429,000$378,00013.5%
Barrington912-25%$420,000$242,50073.2%

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