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West Cook News

Wednesday, April 24, 2024

Berwyn home prices rise in March 2017

Re 12

The median sale price of a home sold in March 2017 in Berwyn rose by $53,250 while total sales increased by 56.5%, according to BlockShopper.com.

In March 2017, there were 72 homes sold, with a median sale price of $204,000 - a 35.3% increase over the $150,750 median sale price for the same period of the previous year. There were 46 homes sold in Berwyn in March 2016.

The median sales tax in Berwyn for 2017 was $5,672. In 2016, the median sales tax was $4,822. This marks an increase of 17.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.8%.

The following table compares Berwyn 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 Hills7616.7%$210,000$223,750-6.1%
Willow Springs92350%$210,000$205,0002.4%
Buffalo Grove22220%$208,000$207,7500.1%
Schiller Park14137.7%$208,000$144,00044.4%
Bartlett1922-13.6%$206,500$243,750-15.3%
Berwyn724656.5%$204,000$150,75035.3%
Elmwood Park262218.2%$202,750$139,00045.9%
Flossmoor221915.8%$201,250$150,00034.2%
Bridgeview16156.7%$200,000$160,00025%
Westchester2124-12.5%$200,000$186,5007.2%
Evergreen Park2225-12%$196,500$154,00027.6%

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