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Saturday, April 20, 2024

Western Springs home prices rise in April 2017

Realestate5

The median sale price of a home sold in April 2017 in Western Springs rose by $100,000 while total sales increased by 35.3%, according to BlockShopper.com.

In April 2017, there were 23 homes sold, with a median sale price of $525,000 - a 23.5% increase over the $425,000 median sale price for the same period of the previous year. There were 17 homes sold in Western Springs in April 2016.

The median sales tax in Western Springs for 2017 was $10,034. In 2016, the median sales tax was $9,089. This marks an increase of 10.4%. 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 Western Springs to other Cook County cities with similar median sales prices in April 2017:

CityApr. 2017 Home SalesApr. 2016 Home Sales% change (Total Home Sales)Apr. 2017 Median Sales PriceApr. 2016 Median Sales Price% change (Median Sales Price)
Barrington Hills25-60%$710,000$700,0001.4%
Glenbrook Countryside21100%$709,000$1,200,000-40.9%
Hinsdale550%$700,000$511,00037%
Northfield811-27.3%$612,500$585,0004.7%
Wilmette534129.3%$575,000$705,000-18.4%
Western Springs231735.3%$525,000$425,00023.5%
Inverness10742.9%$520,000$425,00022.4%
River Forest221637.5%$514,000$507,5001.3%
La Grange2224-8.3%$501,000$314,00059.6%
Forest River20-$499,750$0-
La Grange Highlands12-50%$482,000$249,50093.2%

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