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West Cook News

Thursday, April 25, 2024

River Grove home prices fall in May 2018

Re 7

The median sale price of a home sold in May 2018 in River Grove fell by $71,000 while total sales increased by 100%, according to BlockShopper.com.

In May 2018, there were eight homes sold, with a median sale price of $144,000 - a 33% decrease over the $215,000 median sale price for the same period of the previous year. There were four homes sold in River Grove in May 2017.

The median sales tax in River Grove for the most recent year with available data, 2017, was $5,351, approximately 3.7% of the median home sale price for May 2018.

The following table compares River Grove 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)
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%
Lynwood78-12.5%$150,000$142,2505.4%
River Grove84100%$144,000$215,000-33%
South Holland38358.6%$139,500$127,0009.8%
Steger550%$138,500$80,00073.1%
Homewood34326.3%$129,500$123,2505.1%
Midlothian3015100%$127,500$142,000-10.2%
Maywood321877.8%$127,500$71,00079.6%

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