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West Cook News

Thursday, April 25, 2024

La Grange home prices fall in January 2017

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The median sale price of a home sold in January 2017 in La Grange fell by $110,000 while total sales increased by 20%, according to BlockShopper.com.

In January 2017, there were 18 homes sold, with a median sale price of $255,000 - a 30.1% decrease over the $365,000 median sale price for the same period of the previous year. There were 15 homes sold in La Grange in January 2016.

The median sales tax in La Grange for 2017 was $9,393. In 2016, the median sales tax was $8,721. 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 3.7%.

The following table compares La Grange 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)
Prospect Heights1721-19%$270,000$221,00022.2%
Mount Prospect574139%$270,000$270,0000%
Morton Grove342254.5%$263,250$239,5009.9%
Niles282227.3%$258,500$234,00010.5%
Indian Head Park58-37.5%$255,000$186,00037.1%
La Grange181520%$255,000$365,000-30.1%
Westchester291593.3%$230,000$185,00024.3%
Bartlett2412100%$225,250$227,500-1%
Olympia Fields7616.7%$225,000$167,50034.3%
Hoffman Estates56551.8%$224,500$160,00040.3%
Elk Grove Village382835.7%$224,000$200,75011.6%

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