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Monday, November 25, 2024

River Grove home prices rise in January 2018

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The median sale price of a home sold in January 2018 in River Grove rose by $4,500 while total sales increased by 11.1%, according to BlockShopper.com.

In January 2018, there were 10 homes sold, with a median sale price of $167,500 - a 2.8% increase over the $163,000 median sale price for the same period of the previous year. There were nine homes sold in River Grove in January 2017.

The median sales tax in River Grove for the most recent year with available data, 2017, was $5,351, approximately 3.2% of the median home sale price for January 2018.

The following table compares River Grove 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)
Rolling Meadows292516%$171,000$180,000-5%
Oak Lawn77103-25.2%$170,000$160,0006.3%
Stone Park3250%$170,000$119,50042.3%
Evergreen Park251931.6%$170,000$165,0003%
Melrose Park2027-25.9%$169,000$169,0000%
River Grove10911.1%$167,500$163,0002.8%
Wheeling36345.9%$167,000$158,0005.7%
Elgin2735-22.9%$166,000$160,0003.8%
Hanover Park1625-36%$162,750$158,0003%
Northlake156150%$160,000$134,25019.2%
Cicero4259-28.8%$157,500$150,0005%

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