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Thursday, April 25, 2024

Westchester home prices rise in March 2017

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The median sale price of a home sold in March 2017 in Westchester rose by $13,500 while total sales decreased by 12.5%, according to BlockShopper.com.

In March 2017, there were 21 homes sold, with a median sale price of $200,000 - a 7.2% increase over the $186,500 median sale price for the same period of the previous year. There were 24 homes sold in Westchester in March 2016.

The median sales tax in Westchester for 2017 was $4,915. In 2016, the median sales tax was $4,506. This marks an increase of 9.1%. 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 Westchester 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)
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%
Burbank20195.3%$193,750$122,00058.8%
Rolling Meadows291952.6%$193,000$216,000-10.6%
Schaumburg1139716.5%$192,000$200,000-4%
Stickney310-70%$186,500$136,00037.1%

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