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Burr Ridge (Cook County) home prices fall in March 2017

Real Estate

By West Cook News | Apr 7, 2017

Realestate1

The median sale price of a home sold in March 2017 in Burr Ridge in Cook County fell by $89,500 while total sales decreased by 25%, according to BlockShopper.com.

In March 2017, there were six homes sold, with a median sale price of $506,500 - a 15% decrease over the $596,000 median sale price for the same period of the previous year. There were eight homes sold in Burr Ridge in March 2016.

The median sales tax in Burr Ridge for 2017 was $9,445. In 2016, the median sales tax was $8,371. This marks an increase of 12.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.9%.

The following table compares Burr Ridge 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)
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%
Glenview
61
77
-20.8%
$375,000
$399,000
-6%
* This story only considers sales data for the part of Burr Ridge that is in Cook County.

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