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Friday, November 1, 2024

Franklin Park home prices rise in January 2018

Re 7

The median sale price of a home sold in January 2018 in Franklin Park rose by $44,500 while total sales decreased by 27.8%, according to BlockShopper.com.

In January 2018, there were 13 homes sold, with a median sale price of $200,000 - a 28.6% increase over the $155,500 median sale price for the same period of the previous year. There were 18 homes sold in Franklin Park in January 2017.

The median sales tax in Franklin Park for the most recent year with available data, 2017, was $5,219, approximately 2.6% of the median home sale price for January 2018.

The following table compares Franklin Park 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)
Des Plaines8090-11.1%$210,000$200,0005%
Justice147100%$210,000$148,00041.9%
Schiller Park151225%$205,000$169,00021.3%
Indian Head Park8560%$204,000$255,000-20%
Oak Forest332532%$200,000$150,00033.3%
Franklin Park1318-27.8%$200,000$155,50028.6%
Lyons919-52.6%$200,000$141,00041.8%
Broadview616-62.5%$196,750$135,00045.7%
Olympia Fields8714.3%$195,750$225,000-13%
Orland Hills710-30%$192,000$156,50022.7%
Elk Grove Village10338171.1%$190,000$224,000-15.2%

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