In May 2017, there were 33 homes sold, with a median sale price of $236,000 - a 35.6% increase over the $174,000 median sale price for the same period of the previous year. There were 19 homes sold in Forest Park in May 2016.
The median sales tax in Forest Park for 2017 was $5,445. In 2016, the median sales tax was $4,860. This marks an increase of 12%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.3%.
The following table compares Forest Park 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) |
|---|---|---|---|---|---|---|
| Orland Park | 121 | 91 | 33% | $252,500 | $225,000 | 12.2% |
| Hoffman Estates | 63 | 71 | -11.3% | $249,000 | $215,000 | 15.8% |
| Elk Grove Village | 51 | 42 | 21.4% | $247,500 | $220,000 | 12.5% |
| La Grange Highlands | 3 | 3 | 0% | $240,000 | $390,000 | -38.5% |
| Prospect Heights | 23 | 12 | 91.7% | $239,000 | $154,000 | 55.2% |
| Forest Park | 33 | 19 | 73.7% | $236,000 | $174,000 | 35.6% |
| Westchester | 36 | 36 | 0% | $234,500 | $217,750 | 7.7% |
| Roselle | 10 | 5 | 100% | $233,000 | $200,000 | 16.5% |
| Palatine | 153 | 129 | 18.6% | $232,000 | $207,500 | 11.8% |
| Buffalo Grove | 21 | 33 | -36.4% | $231,000 | $200,000 | 15.5% |
| Palos Park | 13 | 13 | 0% | $231,000 | $295,000 | -21.7% |
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