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West Cook News

Wednesday, October 16, 2019

Franklin Park 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 Franklin Park rose by $2,000 while total sales increased by 21.4%, according to BlockShopper.com.

In February 2017, there were 17 homes sold, with a median sale price of $150,000 - a 1.4% increase over the $148,000 median sale price for the same period of the previous year. There were 14 homes sold in Franklin Park in February 2016.

The median sales tax in Franklin Park for 2017 was $5,219. In 2016, the median sales tax was $5,330. This marks an decrease of 2.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.5%.

The following table compares Franklin Park 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)
Broadview
4
9
-55.6%
$160,000
$120,000
33.3%
Evergreen Park
20
22
-9.1%
$158,500
$148,500
6.7%
Wheeling
21
26
-19.2%
$158,000
$165,000
-4.2%
Schaumburg
49
75
-34.7%
$157,000
$162,000
-3.1%
Oak Lawn
62
59
5.1%
$157,000
$125,000
25.6%
Franklin Park
17
14
21.4%
$150,000
$148,000
1.4%
Merrionette Park
1
1
0%
$145,000
$76,000
90.8%
Alsip
19
22
-13.6%
$145,000
$134,000
8.2%
Forest View
1
0
-
$143,000
$0
-
Roselle
3
5
-40%
$142,000
$220,000
-35.5%
Northlake
13
14
-7.1%
$142,000
$105,000
35.2%

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