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Saturday, April 20, 2024

Lyons home prices fall in February 2017

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The median sale price of a home sold in February 2017 in Lyons fell by $27,000 while total sales increased by 28.6%, according to BlockShopper.com.

In February 2017, there were nine homes sold, with a median sale price of $129,000 - a 17.3% decrease over the $156,000 median sale price for the same period of the previous year. There were seven homes sold in Lyons in February 2016.

The median sales tax in Lyons for 2017 was $3,931. In 2016, the median sales tax was $3,861. This marks an increase of 1.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3%.

The following table compares Lyons 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)
Bridgeview1213-7.7%$140,000$150,000-6.7%
Summit10742.9%$137,500$127,0008.3%
Lynwood712-41.7%$137,000$124,7509.8%
Elgin1822-18.2%$132,000$145,750-9.4%
Elmwood Park1920-5%$130,000$146,000-11%
Lyons9728.6%$129,000$156,000-17.3%
Berkeley330%$127,000$139,000-8.6%
Bellwood2231-29%$125,500$85,50046.8%
Palos Hills1119-42.1%$121,000$126,500-4.3%
Midlothian916-43.8%$120,000$117,0002.6%
Glenwood131118.2%$115,000$129,000-10.9%

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