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West Cook News

Tuesday, April 23, 2024

Western Springs home prices fall in May 2018

Re 9

The median sale price of a home sold in May 2018 in Western Springs fell by $31,250 while total sales increased by 13.6%, according to BlockShopper.com.

In May 2018, there were 25 homes sold, with a median sale price of $527,500 - a 5.6% decrease over the $558,750 median sale price for the same period of the previous year. There were 22 homes sold in Western Springs in May 2017.

The median sales tax in Western Springs for the most recent year with available data, 2017, was $10,034, approximately 1.9% of the median home sale price for May 2018.

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

CityMay 2018 Home SalesMay 2017 Home Sales% change (Total Home Sales)May 2018 Median Sales PriceMay 2017 Median Sales Price% change (Median Sales Price)
Hinsdale8560%$683,750$555,00023.2%
South Barrington58-37.5%$650,000$589,00010.4%
River Forest27258%$600,000$503,00019.3%
Burr Ridge616-62.5%$583,500$611,250-4.5%
Barrington Hills4333.3%$558,500$790,000-29.3%
Western Springs252213.6%$527,500$558,750-5.6%
Inverness131030%$523,000$475,00010.1%
La Grange Highlands23-33.3%$491,000$240,000104.6%
Rosemont220%$478,000$98,250386.5%
Glenview95111-14.4%$475,000$422,50012.4%
Northbrook5668-17.6%$453,750$479,000-5.3%

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