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Saturday, April 20, 2024

North Riverside home prices rise in May 2017

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The median sale price of a home sold in May 2017 in North Riverside rose by $26,000 while total sales increased by 12.5%, according to BlockShopper.com.

In May 2017, there were nine homes sold, with a median sale price of $230,000 - a 12.7% increase over the $204,000 median sale price for the same period of the previous year. There were eight homes sold in North Riverside in May 2016.

The median sales tax in North Riverside for 2017 was $4,404. In 2016, the median sales tax was $4,137. This marks an increase of 6.5%. 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 North Riverside to other Cook County cities with similar median sales prices in May 2017:

CityMay 2017 Home SalesMay 2016 Home Sales% change (Total Home Sales)May 2017 Median Sales PriceMay 2016 Median Sales Price% change (Median Sales Price)
Roselle105100%$233,000$200,00016.5%
Palatine15312918.6%$232,000$207,50011.8%
Buffalo Grove2133-36.4%$231,000$200,00015.5%
Palos Park13130%$231,000$295,000-21.7%
Indian Head Park131030%$230,000$226,5001.5%
North Riverside9812.5%$230,000$204,00012.7%
Elmwood Park382740.7%$229,750$240,000-4.3%
Brookfield2832-12.5%$228,750$216,0005.9%
Palos Heights322718.5%$228,500$262,500-13%
Bartlett302330.4%$225,000$258,000-12.8%
Flossmoor211910.5%$225,000$185,00021.6%

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