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Friday, April 26, 2024

Brookfield home prices rise in October 2017

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The median sale price of a home sold in October 2017 in Brookfield rose by $25,500 while total sales decreased by 20.8%, according to BlockShopper.com.

In October 2017, there were 19 homes sold, with a median sale price of $254,000 - a 11.2% increase over the $228,500 median sale price for the same period of the previous year. There were 24 homes sold in Brookfield in October 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 2.2%.

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

CityOct. 2017 Home SalesOct. 2016 Home Sales% change (Total Home Sales)Oct. 2017 Median Sales PriceOct. 2016 Median Sales Price% change (Median Sales Price)
Harwood Heights912-25%$279,000$275,5001.3%
Niles3637-2.7%$276,500$280,000-1.3%
Arlington Heights13011810.2%$275,000$297,000-7.4%
Rosemont23-33.3%$265,000$140,00089.3%
Fox Chase Estates10-$255,500$0-
Brookfield1924-20.8%$254,000$228,50011.2%
Mount Prospect68629.7%$253,250$276,000-8.2%
North Riverside156150%$251,500$183,25037.2%
Elmwood Park2642-38.1%$248,250$175,25041.7%
Hoffman Estates6673-9.6%$247,500$240,0003.1%
Countryside7616.7%$245,000$253,000-3.2%

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