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Sunday, November 17, 2024

Brookfield home prices fall in July 2017

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The median sale price of a home sold in July 2017 in Brookfield fell by $12,500 while total sales decreased by 22%, according to BlockShopper.com.

In July 2017, there were 32 homes sold, with a median sale price of $223,500 - a 5.3% decrease over the $236,000 median sale price for the same period of the previous year. There were 41 homes sold in Brookfield in July 2016.

The median sales tax in Brookfield for 2017 was $5,653. In 2016, the median sales tax was $5,290. This marks an increase of 6.9%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.5%.

The following table compares Brookfield 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)
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%
Bartlett403611.1%$230,000$262,500-12.4%
Brookfield3241-22%$223,500$236,000-5.3%
Elmwood Park35350%$223,000$214,0004.2%
Schiller Park1112-8.3%$212,500$176,25020.6%
Stickney89-11.1%$212,000$190,00011.6%
River Grove15887.5%$210,000$175,00020%
Schaumburg1471358.9%$205,000$200,0002.5%

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