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Saturday, November 23, 2024

North Riverside home prices rise in March 2017

Realestate077

The median sale price of a home sold in March 2017 in North Riverside rose by $9,000 while total sales increased by 30%, according to BlockShopper.com.

In March 2017, there were 13 homes sold, with a median sale price of $226,500 - a 4.1% increase over the $217,500 median sale price for the same period of the previous year. There were 10 homes sold in North Riverside in March 2016.

The median sales tax in North Riverside for 2017 was $4,404. In 2016, the median sales tax was $4,137. This marks an increase of 6.5%. 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 North Riverside 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)
Orland Park926248.4%$240,000$220,5008.8%
Hoffman Estates57553.6%$238,000$225,0005.8%
Countryside67-14.3%$237,500$150,00058.3%
Brookfield281947.4%$237,500$227,0004.6%
Elk Grove Village3637-2.7%$227,500$193,00017.9%
North Riverside131030%$226,500$217,5004.1%
Olympia Fields710-30%$225,500$166,25035.6%
Hickory Hills1013-23.1%$222,500$193,50015%
River Grove141040%$212,000$130,25062.8%
Orland Hills7616.7%$210,000$223,750-6.1%
Willow Springs92350%$210,000$205,0002.4%

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