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Sunday, August 3, 2025

River Grove home prices rise in December 2017

Realestate3

The median sale price of a home sold in December 2017 in River Grove rose by $125,500 while total sales increased by 30%, according to BlockShopper.com.

In December 2017, there were 13 homes sold, with a median sale price of $270,000 - a 86.9% increase over the $144,500 median sale price for the same period of the previous year. There were 10 homes sold in River Grove in December 2016.

The median sales tax in River Grove for 2017 was $5,351. In 2016, the median sales tax was $5,160. This marks an increase of 3.7%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2%.

The following table compares River Grove to other Cook County cities with similar median sales prices in December 2017:

CityDec. 2017 Home SalesDec. 2016 Home Sales% change (Total Home Sales)Dec. 2017 Median Sales PriceDec. 2016 Median Sales Price% change (Median Sales Price)
Prospect Heights16156.7%$281,000$249,00012.9%
Bartlett262030%$275,500$223,75023.1%
Willow Springs103233.3%$275,000$162,00069.8%
Mount Prospect5159-13.6%$272,500$274,000-0.5%
Niles2732-15.6%$270,000$268,5000.6%
River Grove131030%$270,000$144,50086.9%
Skokie6076-21.1%$270,000$269,2500.3%
Northbrook West12-50%$270,000$295,000-8.5%
Fox Chase Estates10-$260,000$0-
Hoffman Estates604922.4%$254,250$220,00015.6%
Forest Park2311109.1%$252,000$199,00026.6%

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