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Friday, November 22, 2024

Maywood home prices rise in February 2017

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The median sale price of a home sold in February 2017 in Maywood rose by $42,250 while total sales remained unchanged with 16 homes sold, according to BlockShopper.com.

In February 2017, there were 16 homes sold, with a median sale price of $94,500 - a 80.9% increase over the $52,250 median sale price for the same period of the previous year. There were 16 homes sold in Maywood in February 2016, as well.

The median sales tax in Maywood for 2017 was $4,951. In 2016, the median sales tax was $4,528. This marks an increase of 9.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 5.2%.

The following table compares Maywood 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)
Hillside10911.1%$102,750$105,000-2.1%
Crestwood171154.5%$102,000$82,00024.4%
Chicago Ridge181338.5%$98,500$125,000-21.2%
Richton Park15147.1%$97,500$54,00080.6%
Matteson20195.3%$97,000$130,000-25.4%
Maywood16160%$94,500$52,25080.9%
Forest Park1317-23.5%$89,000$126,500-29.6%
Lansing423327.3%$77,500$80,500-3.7%
Country Club Hills1824-25%$71,000$104,500-32.1%
Hometown46-33.3%$68,500$61,75010.9%
Hazel Crest201353.8%$68,500$80,000-14.4%

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