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Friday, November 1, 2024

Western Springs home prices rise in September 2017

Realestate5

The median sale price of a home sold in September 2017 in Western Springs rose by $123,500 while total sales decreased by 23.3%, according to BlockShopper.com.

In September 2017, there were 23 homes sold, with a median sale price of $580,000 - a 27.1% increase over the $456,500 median sale price for the same period of the previous year. There were 30 homes sold in Western Springs in September 2016.

The median sales tax in Western Springs for 2017 was $10,034. In 2016, the median sales tax was $9,089. This marks an increase of 10.4%. 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 Western Springs to other Cook County cities with similar median sales prices in September 2017:

CitySept. 2017 Home SalesSept. 2016 Home Sales% change (Total Home Sales)Sept. 2017 Median Sales PriceSept. 2016 Median Sales Price% change (Median Sales Price)
Kenilworth45-20%$1,437,000$1,475,000-2.6%
Winnetka1530-50%$1,100,000$1,270,000-13.4%
Glencoe1118-38.9%$836,500$869,500-3.8%
South Barrington105100%$703,750$779,000-9.7%
Hinsdale3250%$665,000$430,00054.7%
Western Springs2330-23.3%$580,000$456,50027.1%
Northfield111010%$540,000$411,00031.4%
Inverness990%$540,000$345,00056.5%
Wilmette3151-39.2%$515,000$625,000-17.6%
Forest River220%$492,500$290,75069.4%
Burr Ridge10825%$458,500$475,000-3.5%

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