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Thursday, February 20, 2020

North Riverside home prices rise in May 2017

Real Estate

By West Cook News | Jun 7, 2017

Re 5

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:

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)
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%
Indian Head Park
13
10
30%
$230,000
$226,500
1.5%
North Riverside
9
8
12.5%
$230,000
$204,000
12.7%
Elmwood Park
38
27
40.7%
$229,750
$240,000
-4.3%
Brookfield
28
32
-12.5%
$228,750
$216,000
5.9%
Palos Heights
32
27
18.5%
$228,500
$262,500
-13%
Bartlett
30
23
30.4%
$225,000
$258,000
-12.8%
Flossmoor
21
19
10.5%
$225,000
$185,000
21.6%

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