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Friday, April 26, 2024

Berwyn home prices rise in June 2017

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The median sale price of a home sold in June 2017 in Berwyn rose by $1,250 while total sales decreased by 11.4%, according to BlockShopper.com.

In June 2017, there were 78 homes sold, with a median sale price of $200,000 - a 0.6% increase over the $198,750 median sale price for the same period of the previous year. There were 88 homes sold in Berwyn in June 2016.

The median sales tax in Berwyn for 2017 was $5,672. In 2016, the median sales tax was $4,822. This marks an increase of 17.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.8%.

The following table compares Berwyn to other Cook County cities with similar median sales prices in June 2017:

CityJune 2017 Home SalesJune 2016 Home Sales% change (Total Home Sales)June 2017 Median Sales PriceJune 2016 Median Sales Price% change (Median Sales Price)
Indian Head Park812-33.3%$208,500$246,500-15.4%
Orland Hills810-20%$205,000$204,2500.4%
Flossmoor292138.1%$205,000$125,00064%
Hanover Park2935-17.1%$203,000$179,00013.4%
Wheeling59557.3%$200,000$155,00029%
Berwyn7888-11.4%$200,000$198,7500.6%
Olympia Fields414-71.4%$198,000$174,75013.3%
Franklin Park25250%$197,500$172,50014.5%
Tinley Park1288452.4%$193,500$177,7508.9%
Schaumburg19515327.5%$190,000$203,000-6.4%
Schiller Park816-50%$189,000$154,25022.5%

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