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Thursday, November 14, 2019

Berwyn home prices rise in February 2017

Real Estate

By West Cook News | Mar 7, 2017

Realestate077

The median sale price of a home sold in February 2017 in Berwyn rose by $62,000 while total sales decreased by 14.5%, according to BlockShopper.com.

In February 2017, there were 47 homes sold, with a median sale price of $220,000 - a 39.2% increase over the $158,000 median sale price for the same period of the previous year. There were 55 homes sold in Berwyn in February 2016.

The median sales tax in Berwyn for 2017 was $5,672. In 2016, the median sales tax was $4,822. This marks an increase of 17.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.6%.

The following table compares Berwyn 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)
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%
Elk Grove Village
21
26
-19.2%
$214,000
$189,750
12.8%
Palatine
70
54
29.6%
$212,500
$210,000
1.2%
Des Plaines
66
80
-17.5%
$208,500
$160,000
30.3%
River Forest
14
8
75%
$206,000
$512,500
-59.8%

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