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Western Springs 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 Western Springs rose by $8,750 while total sales decreased by 4.3%, according to BlockShopper.com.

In May 2017, there were 22 homes sold, with a median sale price of $558,750 - a 1.6% increase over the $550,000 median sale price for the same period of the previous year. There were 23 homes sold in Western Springs in May 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 1.8%.

The following table compares Western Springs 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)
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%
River Forest
25
21
19%
$503,000
$200,000
151.5%
Glenbrook Countryside
2
3
-33.3%
$500,000
$380,000
31.6%
Northfield
10
15
-33.3%
$491,500
$580,500
-15.3%

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