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Friday, November 22, 2024

Brookfield home prices rise in February 2017

Realestate3

The median sale price of a home sold in February 2017 in Brookfield rose by $4,000 while total sales increased by 78.6%, according to BlockShopper.com.

In February 2017, there were 25 homes sold, with a median sale price of $190,000 - a 2.2% increase over the $186,000 median sale price for the same period of the previous year. There were 14 homes sold in Brookfield in February 2016.

The median sales tax in Brookfield for 2017 was $5,653. In 2016, the median sales tax was $5,290. This marks an increase of 6.9%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3%.

The following table compares Brookfield 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)
Des Plaines6680-17.5%$208,500$160,00030.3%
River Forest14875%$206,000$512,500-59.8%
Hoffman Estates3144-29.5%$205,000$185,00010.8%
Orland Hills6450%$200,250$197,5001.4%
Countryside105100%$198,500$135,00047%
Brookfield251478.6%$190,000$186,0002.2%
Stickney7475%$190,000$171,25010.9%
Palos Heights813-38.5%$187,000$196,000-4.6%
Streamwood4554-16.7%$185,000$157,25017.6%
Hickory Hills815-46.7%$184,000$150,00022.7%
Olympia Fields7540%$182,000$167,0009%

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