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West Cook News

Thursday, April 25, 2024

La Grange Park home prices rise in February 2017

Realestate4

The median sale price of a home sold in February 2017 in La Grange Park rose by $117,000 while total sales remained unchanged with six homes sold, according to BlockShopper.com.

In February 2017, there were six homes sold, with a median sale price of $451,000 - a 35% increase over the $334,000 median sale price for the same period of the previous year. There were six homes sold in La Grange Park in February 2016, as well.

The median sales tax in La Grange Park for 2017 was $7,513. In 2016, the median sales tax was $6,906. This marks an increase of 8.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.7%.

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

CityFeb. 2017 Home SalesFeb. 2016 Home Sales% change (Total Home Sales)Feb. 2017 Median Sales PriceFeb. 2016 Median Sales Price% change (Median Sales Price)
Glencoe84100%$630,250$592,5006.4%
Forest River20-$578,250$0-
La Grange10100%$517,500$364,50042%
Inverness73133.3%$500,000$330,00051.5%
Northbrook332722.2%$457,000$525,000-13%
La Grange Park660%$451,000$334,00035%
Wilmette2228-21.4%$426,250$685,000-37.8%
Glenview4247-10.6%$415,750$388,0007.2%
Western Springs1014-28.6%$413,500$595,000-30.5%
Palos Park5366.7%$400,000$235,00070.2%
Northfield89-11.1%$397,500$275,50044.3%

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