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Sunday, October 20, 2019

La Grange home prices rise in February 2017

Real Estate

By West Cook News | Mar 7, 2017


The median sale price of a home sold in February 2017 in La Grange rose by $153,000 while total sales remained unchanged with 10 homes sold, according to BlockShopper.com.

In February 2017, there were 10 homes sold, with a median sale price of $517,500 - a 42% increase over the $364,500 median sale price for the same period of the previous year. There were 10 homes sold in La Grange in February 2016, as well.

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 1.8%.

The following table compares La Grange to other Cook County cities with similar median sales prices in February 2017:

City
Feb. 2017 Home Sales
Feb. 2016 Home Sales
% change (Total Home Sales)
Feb. 2017 Median Sales Price
Feb. 2016 Median Sales Price
% change (Median Sales Price)
Winnetka
17
15
13.3%
$825,000
$890,000
-7.3%
Northbrook West
2
0
-
$662,500
$0
-
Kenilworth
4
2
100%
$632,500
$2,165,000
-70.8%
Glencoe
8
4
100%
$630,250
$592,500
6.4%
Forest River
2
0
-
$578,250
$0
-
La Grange
10
10
0%
$517,500
$364,500
42%
Inverness
7
3
133.3%
$500,000
$330,000
51.5%
Northbrook
33
27
22.2%
$457,000
$525,000
-13%
La Grange Park
6
6
0%
$451,000
$334,000
35%
Wilmette
22
28
-21.4%
$426,250
$685,000
-37.8%
Glenview
42
47
-10.6%
$415,750
$388,000
7.2%

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