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West Cook News

Wednesday, October 16, 2019

River Forest home prices rise in March 2017

Real Estate

By West Cook News | Apr 7, 2017


The median sale price of a home sold in March 2017 in River Forest rose by $134,750 while total sales increased by 42.9%, according to BlockShopper.com.

In March 2017, there were 20 homes sold, with a median sale price of $522,000 - a 34.8% increase over the $387,250 median sale price for the same period of the previous year. There were 14 homes sold in River Forest in March 2016.

The median sales tax in River Forest for 2017 was $13,181. In 2016, the median sales tax was $12,236. This marks an increase of 7.7%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.5%.

The following table compares River Forest to other Cook County cities with similar median sales prices in March 2017:

City
Mar. 2017 Home Sales
Mar. 2016 Home Sales
% change (Total Home Sales)
Mar. 2017 Median Sales Price
Mar. 2016 Median Sales Price
% change (Median Sales Price)
Hinsdale
2
2
0%
$633,000
$929,250
-31.9%
South Barrington
2
5
-60%
$611,250
$730,500
-16.3%
Glencoe
9
7
28.6%
$600,000
$670,000
-10.4%
Inverness
8
9
-11.1%
$550,500
$475,000
15.9%
Rosemont
1
4
-75%
$530,000
$1,743,750
-69.6%
River Forest
20
14
42.9%
$522,000
$387,250
34.8%
Burr Ridge
6
8
-25%
$506,500
$596,000
-15%
Northbrook
51
45
13.3%
$447,500
$472,500
-5.3%
Western Springs
15
17
-11.8%
$425,000
$480,000
-11.5%
Mission Hills Estates
2
0
-
$422,500
$0
-
Park Ridge
41
42
-2.4%
$381,000
$411,000
-7.3%

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