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Friday, April 19, 2024

Hillside home prices rise in May 2017

Re 14

The median sale price of a home sold in May 2017 in Hillside rose by $71,250 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 $160,000 - a 80.3% increase over the $88,750 median sale price for the same period of the previous year. There were eight homes sold in Hillside in May 2016.

The median sales tax in Hillside for 2017 was $4,251. In 2016, the median sales tax was $3,728. This marks an increase of 14%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.7%.

The following table compares Hillside 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)
Wheeling614148.8%$172,000$162,0006.2%
Oak Lawn958413.1%$172,000$158,7508.3%
Burbank343013.3%$170,250$172,500-1.3%
Broadview131030%$165,000$109,25051%
Elgin28280%$163,000$136,00019.9%
Hillside9812.5%$160,000$88,75080.3%
Evergreen Park352920.7%$158,500$163,000-2.8%
Palos Hills29283.6%$153,500$167,000-8.1%
Summit171070%$153,000$151,5001%
Cicero5260-13.3%$151,000$110,75036.3%
Justice1112-8.3%$145,000$140,7503%

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