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West Cook News

Tuesday, April 16, 2024

Forest Park home prices fall in May 2018

Re 8

The median sale price of a home sold in May 2018 in Forest Park fell by $78,000 while total sales decreased by 6.1%, according to BlockShopper.com.

In May 2018, there were 31 homes sold, with a median sale price of $158,000 - a 33.1% decrease over the $236,000 median sale price for the same period of the previous year. There were 33 homes sold in Forest Park in May 2017.

The median sales tax in Forest Park for the most recent year with available data, 2017, was $5,445, approximately 3.4% of the median home sale price for May 2018.

The following table compares Forest Park 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)
Worth181250%$172,500$101,00070.8%
Elgin342821.4%$167,250$163,0002.6%
Matteson2233-33.3%$166,250$140,00018.8%
Lyons13944.4%$165,000$95,00073.7%
Cicero53521.9%$164,000$151,0008.6%
Forest Park3133-6.1%$158,000$236,000-33.1%
Summit417-76.5%$157,500$153,0002.9%
Bellwood261662.5%$154,500$116,00033.2%
Palos Hills372927.6%$153,000$153,500-0.3%
Stickney815-46.7%$153,000$136,00012.5%
Richton Park1520-25%$152,000$60,250152.3%

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