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Thursday, April 25, 2024

La Grange home prices rise in March 2017

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The median sale price of a home sold in March 2017 in La Grange rose by $110,000 while total sales increased by 23.5%, according to BlockShopper.com.

In March 2017, there were 21 homes sold, with a median sale price of $350,000 - a 45.8% increase over the $240,000 median sale price for the same period of the previous year. There were 17 homes sold in La Grange in March 2016.

The median sales tax in La Grange for 2017 was $9,393. In 2016, the median sales tax was $8,721. 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 2.7%.

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

CityMar. 2017 Home SalesMar. 2016 Home Sales% change (Total Home Sales)Mar. 2017 Median Sales PriceMar. 2016 Median Sales Price% change (Median Sales Price)
Western Springs1517-11.8%$425,000$480,000-11.5%
Mission Hills Estates20-$422,500$0-
Park Ridge4142-2.4%$381,000$411,000-7.3%
Glenview6177-20.8%$375,000$399,000-6%
Lincolnwood181428.6%$360,000$311,00015.8%
La Grange211723.5%$350,000$240,00045.8%
La Grange Park191435.7%$348,500$248,00040.5%
Oak Park645516.4%$320,000$190,50068%
Forest River31200%$315,000$140,000125%
Harwood Heights186200%$314,750$209,25050.4%
Barrington13130%$305,000$380,000-19.7%

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