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Saturday, November 23, 2024

Westchester home prices rise in February 2017

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The median sale price of a home sold in February 2017 in Westchester rose by $105,000 while total sales decreased by 18.8%, according to BlockShopper.com.

In February 2017, there were 13 homes sold, with a median sale price of $270,000 - a 63.6% increase over the $165,000 median sale price for the same period of the previous year. There were 16 homes sold in Westchester in February 2016.

The median sales tax in Westchester for 2017 was $4,915. In 2016, the median sales tax was $4,506. This marks an increase of 9.1%. 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 Westchester 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)
Riverside10742.9%$291,250$235,00023.9%
Oak Park4555-18.2%$290,000$269,5007.6%
Skokie4971-31%$288,000$295,000-2.4%
Morton Grove21205%$280,000$222,00026.1%
Burr Ridge5366.7%$272,000$359,000-24.2%
Westchester1316-18.8%$270,000$165,00063.6%
Arlington Heights756613.6%$265,000$232,50014%
Norridge1115-26.7%$265,000$234,00013.2%
Evanston575111.8%$265,000$385,000-31.2%
Mount Prospect3643-16.3%$254,250$270,000-5.8%
Prospect Heights912-25%$250,000$159,50056.7%

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