West Cook News

West Cook News

Sunday, November 17, 2019

Forest Park home prices fall in February 2017

Real Estate

By West Cook News | Mar 7, 2017

Realestate3

The median sale price of a home sold in February 2017 in Forest Park fell by $37,500 while total sales decreased by 23.5%, according to BlockShopper.com.

In February 2017, there were 13 homes sold, with a median sale price of $89,000 - a 29.6% decrease over the $126,500 median sale price for the same period of the previous year. There were 17 homes sold in Forest Park in February 2016.

The median sales tax in Forest Park for 2017 was $5,445. In 2016, the median sales tax was $4,860. This marks an increase of 12%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 6.1%.

The following table compares Forest 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)
Crestwood
17
11
54.5%
$102,000
$82,000
24.4%
Chicago Ridge
18
13
38.5%
$98,500
$125,000
-21.2%
Richton Park
15
14
7.1%
$97,500
$54,000
80.6%
Matteson
20
19
5.3%
$97,000
$130,000
-25.4%
Maywood
16
16
0%
$94,500
$52,250
80.9%
Forest Park
13
17
-23.5%
$89,000
$126,500
-29.6%
Lansing
42
33
27.3%
$77,500
$80,500
-3.7%
Country Club Hills
18
24
-25%
$71,000
$104,500
-32.1%
Hometown
4
6
-33.3%
$68,500
$61,750
10.9%
Hazel Crest
20
13
53.8%
$68,500
$80,000
-14.4%
Steger
6
3
100%
$67,250
$23,500
186.2%

Want to get notified whenever we write about Cook County Recorder ?

Sign-up Next time we write about Cook County Recorder, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

Organizations in this Story

Cook County Recorder

More News