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Friday, April 19, 2024

Westchester home prices rise in October 2017

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The median sale price of a home sold in October 2017 in Westchester rose by $27,000 while total sales remained unchanged with 37 homes sold, according to BlockShopper.com.

In October 2017, there were 37 homes sold, with a median sale price of $237,000 - a 12.9% increase over the $210,000 median sale price for the same period of the previous year. There were 37 homes sold in Westchester in October 2016, as well.

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 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)
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%
Westchester37370%$237,000$210,00012.9%
Forest View12-50%$235,000$123,75089.9%
Orland Park107108-0.9%$235,000$245,000-4.1%
Elk Grove Village3756-33.9%$232,500$243,000-4.3%
Mission Hills Estates3250%$225,000$278,000-19.1%
Palatine12210022%$225,000$203,50010.6%

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