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Sunday, October 20, 2019

North Riverside 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 North Riverside rose by $34,500 while total sales increased by 75%, according to BlockShopper.com.

In February 2017, there were seven homes sold, with a median sale price of $235,000 - a 17.2% increase over the $200,500 median sale price for the same period of the previous year. There were four homes sold in North Riverside in February 2016.

The median sales tax in North Riverside for 2017 was $4,404. In 2016, the median sales tax was $4,137. This marks an increase of 6.5%. 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 North Riverside 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)
Mount Prospect
36
43
-16.3%
$254,250
$270,000
-5.8%
Prospect Heights
9
12
-25%
$250,000
$159,500
56.7%
Flossmoor
12
8
50%
$239,750
$144,000
66.5%
Elmhurst
1
1
0%
$239,000
$190,000
25.8%
Niles
33
23
43.5%
$237,500
$200,000
18.8%
North Riverside
7
4
75%
$235,000
$200,500
17.2%
Orland Park
51
58
-12.1%
$235,000
$218,500
7.6%
Harwood Heights
6
9
-33.3%
$226,250
$225,000
0.6%
Bartlett
16
22
-27.3%
$225,250
$175,500
28.3%
Berwyn
47
55
-14.5%
$220,000
$158,000
39.2%
Rolling Meadows
20
16
25%
$215,750
$187,250
15.2%

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