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Sunday, November 17, 2024

North Riverside home prices rise in July 2017

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The median sale price of a home sold in July 2017 in North Riverside rose by $30,500 while total sales decreased by 7.7%, according to BlockShopper.com.

In July 2017, there were 12 homes sold, with a median sale price of $258,500 - a 13.4% increase over the $228,000 median sale price for the same period of the previous year. There were 13 homes sold in North Riverside in July 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 1.7%.

The following table compares North Riverside to other Cook County cities with similar median sales prices in July 2017:

CityJuly 2017 Home SalesJuly 2016 Home Sales% change (Total Home Sales)July 2017 Median Sales PriceJuly 2016 Median Sales Price% change (Median Sales Price)
Roselle814-42.9%$267,500$230,00016.3%
Elk Grove Village5870-17.1%$264,750$234,00013.1%
Willow Springs141040%$264,500$282,000-6.2%
Harwood Heights126100%$262,500$277,000-5.2%
Palatine155158-1.9%$260,000$265,000-1.9%
North Riverside1213-7.7%$258,500$228,00013.4%
Des Plaines100144-30.6%$247,500$206,00020.1%
Orland Park1151150%$246,000$227,5008.1%
Westchester2940-27.5%$237,500$226,0005.1%
Indian Head Park144250%$232,500$219,5005.9%
Rolling Meadows4148-14.6%$230,000$189,00021.7%

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