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West Cook News

Tuesday, April 23, 2024

North Riverside home prices rise in February 2017

Realestate1

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:

CityFeb. 2017 Home SalesFeb. 2016 Home Sales% change (Total Home Sales)Feb. 2017 Median Sales PriceFeb. 2016 Median Sales Price% change (Median Sales Price)
Mount Prospect3643-16.3%$254,250$270,000-5.8%
Prospect Heights912-25%$250,000$159,50056.7%
Flossmoor12850%$239,750$144,00066.5%
Elmhurst110%$239,000$190,00025.8%
Niles332343.5%$237,500$200,00018.8%
North Riverside7475%$235,000$200,50017.2%
Orland Park5158-12.1%$235,000$218,5007.6%
Harwood Heights69-33.3%$226,250$225,0000.6%
Bartlett1622-27.3%$225,250$175,50028.3%
Berwyn4755-14.5%$220,000$158,00039.2%
Rolling Meadows201625%$215,750$187,25015.2%

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