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Thursday, February 20, 2020

Schiller Park home prices fall in May 2017

Real Estate

By West Cook News | Jun 7, 2017

Re 8

The median sale price of a home sold in May 2017 in Schiller Park fell by $17,250 while total sales decreased by 9.1%, according to BlockShopper.com.

In May 2017, there were 10 homes sold, with a median sale price of $188,750 - a 8.4% decrease over the $206,000 median sale price for the same period of the previous year. There were 11 homes sold in Schiller Park in May 2016.

The median sales tax in Schiller Park for 2017 was $4,258. In 2016, the median sales tax was $4,541. This marks an decrease of 6.2%. 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 Schiller 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)
Des Plaines
140
87
60.9%
$199,500
$201,000
-0.7%
Berkeley
8
2
300%
$198,250
$109,750
80.6%
Franklin Park
31
25
24%
$196,000
$170,000
15.3%
Streamwood
72
76
-5.3%
$190,500
$165,250
15.3%
Tinley Park
96
83
15.7%
$190,250
$188,000
1.2%
Schiller Park
10
11
-9.1%
$188,750
$206,000
-8.4%
Oak Forest
48
31
54.8%
$181,000
$155,000
16.8%
Olympia Fields
9
4
125%
$174,000
$157,750
10.3%
Stone Park
3
4
-25%
$174,000
$86,500
101.2%
Melrose Park
29
19
52.6%
$172,500
$120,000
43.8%
Wheeling
61
41
48.8%
$172,000
$162,000
6.2%

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