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Saturday, November 2, 2024

Westchester home prices fall in January 2018

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The median sale price of a home sold in January 2018 in Westchester fell by $5,000 while total sales decreased by 24.1%, according to BlockShopper.com.

In January 2018, there were 22 homes sold, with a median sale price of $225,000 - a 2.2% decrease over the $230,000 median sale price for the same period of the previous year. There were 29 homes sold in Westchester in January 2017.

The median sales tax in Westchester for the most recent year with available data, 2017, was $4,915, approximately 2.2% of the median home sale price for January 2018.

The following table compares Westchester 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)
Niles30287.1%$252,500$258,500-2.3%
Lemont171154.5%$242,500$350,000-30.7%
Brookfield1526-42.3%$235,000$222,7505.5%
Palos Heights171154.5%$230,000$215,0007%
Palatine8183-2.4%$228,000$215,0006%
Westchester2229-24.1%$225,000$230,000-2.2%
Orland Park756711.9%$225,000$200,00012.5%
North Riverside7475%$220,000$196,75011.8%
Hoffman Estates57561.8%$220,000$224,500-2%
Flossmoor1223-47.8%$218,500$190,00015%
East Hazel Crest10-$217,500$0-

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