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Friday, November 1, 2024

Westchester home prices rise in September 2017

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The median sale price of a home sold in September 2017 in Westchester rose by $15,500 while total sales decreased by 20%, according to BlockShopper.com.

In September 2017, there were 24 homes sold, with a median sale price of $239,500 - a 6.9% increase over the $224,000 median sale price for the same period of the previous year. There were 30 homes sold in Westchester in September 2016.

The median sales tax in Westchester for 2017 was $4,915. In 2016, the median sales tax was $4,506. This marks an increase of 9.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.1%.

The following table compares Westchester 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)
Elmwood Park382740.7%$251,250$222,00013.2%
Palatine1261186.8%$250,000$203,00023.2%
Harwood Heights810-20%$249,000$240,0003.8%
Willow Springs12771.4%$246,500$143,50071.8%
Palos Heights1625-36%$244,500$260,000-6%
Westchester2430-20%$239,500$224,0006.9%
Hoffman Estates6983-16.9%$238,000$225,0005.8%
Indian Head Park713-46.2%$238,000$215,00010.7%
Brookfield3040-25%$237,500$224,5005.8%
Elmhurst220%$235,000$167,50040.3%
Prospect Heights1122-50%$233,500$239,000-2.3%

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