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Saturday, November 2, 2024

Western Springs home prices fall in January 2018

Re 8

The median sale price of a home sold in January 2018 in Western Springs fell by $64,250 while total sales increased by 7.1%, according to BlockShopper.com.

In January 2018, there were 15 homes sold, with a median sale price of $465,000 - a 12.1% decrease over the $529,250 median sale price for the same period of the previous year. There were 14 homes sold in Western Springs in January 2017.

The median sales tax in Western Springs for the most recent year with available data, 2017, was $10,034, approximately 2.2% of the median home sale price for January 2018.

The following table compares Western Springs to other Cook County cities with similar median sales prices in January 2018:

CityJan. 2018 Home SalesJan. 2017 Home Sales% change (Total Home Sales)Jan. 2018 Median Sales PriceJan. 2017 Median Sales Price% change (Median Sales Price)
Wilmette342630.8%$595,000$608,000-2.1%
Inverness811-27.3%$575,000$670,000-14.2%
Hinsdale48-50%$570,000$1,012,500-43.7%
Barrington Hills110%$520,000$405,00028.4%
Glenview56551.8%$500,000$360,00038.9%
Western Springs15147.1%$465,000$529,250-12.1%
River Forest13128.3%$455,000$379,25020%
Lincolnwood151225%$441,500$429,0002.9%
Northbrook4255-23.6%$417,500$430,000-2.9%
La Grange18180%$387,500$255,00052%
Oak Park6069-13%$385,000$345,00011.6%

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