West Cook News

West Cook News

Thursday, February 20, 2020

Burr Ridge (Cook County) home prices rise in May 2017

Real Estate

By West Cook News | Jun 7, 2017

Realestate5

The median sale price of a home sold in May 2017 in Burr Ridge in Cook County rose by $113,750 while total sales increased by 60%, according to BlockShopper.com.

In May 2017, there were 16 homes sold, with a median sale price of $611,250 - a 22.9% increase over the $497,500 median sale price for the same period of the previous year. There were 10 homes sold in Burr Ridge in May 2016.

The median sales tax in Burr Ridge for 2017 was $9,445. In 2016, the median sales tax was $8,371. This marks an increase of 12.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.5%.

The following table compares Burr Ridge to other Cook County cities with similar median sales prices in May 2017:

City
May 2017 Home Sales
May 2016 Home Sales
% change (Total Home Sales)
May 2017 Median Sales Price
May 2016 Median Sales Price
% change (Median Sales Price)
Kenilworth
13
3
333.3%
$1,120,000
$1,900,000
-41.1%
Winnetka
16
19
-15.8%
$862,500
$980,000
-12%
Barrington Hills
3
1
200%
$790,000
$180,000
338.9%
Wilmette
64
51
25.5%
$665,500
$687,500
-3.2%
Equestrian Estates
1
0
-
$625,000
$0
-
Burr Ridge
16
10
60%
$611,250
$497,500
22.9%
Glencoe
19
13
46.2%
$610,000
$1,145,000
-46.7%
South Barrington
8
3
166.7%
$589,000
$725,000
-18.8%
Western Springs
22
23
-4.3%
$558,750
$550,000
1.6%
Hinsdale
5
3
66.7%
$555,000
$421,000
31.8%
La Grange
31
22
40.9%
$539,000
$450,750
19.6%
* This story only considers sales data for the part of Burr Ridge that is in Cook County.

Want to get notified whenever we write about Cook County Recorder ?

Sign-up Next time we write about Cook County Recorder, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

Organizations in this Story

Cook County Recorder

More News