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Monday, November 25, 2024

Western Springs home prices fall in October 2018

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The median sale price of a home sold in October 2018 in Western Springs fell by $193,500 while total sales decreased by 56.3%, according to BlockShopper.com.

In October 2018, there were seven homes sold, with a median sale price of $392,500 - a 33% decrease over the $586,000 median sale price for the same period of the previous year. There were 16 homes sold in Western Springs in October 2017.

The median sales tax in Western Springs for the most recent year with available data, 2017, was $10,034, approximately 2.6% of the median home sale price for October 2018.

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

CityOct. 2018 Home SalesOct. 2017 Home Sales% change (Total Home Sales)Oct. 2018 Median Sales PriceOct. 2017 Median Sales Price% change (Median Sales Price)
Northfield710-30%$415,000$667,500-37.8%
Lincolnwood722-68.2%$407,500$396,5002.8%
Riverside714-50%$407,000$363,50012%
Park Ridge1261-80.3%$404,500$371,5008.9%
Glenview3583-57.8%$400,000$412,000-2.9%
Western Springs716-56.3%$392,500$586,000-33%
Deercrest Estates23-33.3%$350,000$460,000-23.9%
Glenbrook Countryside12-50%$340,000$451,000-24.6%
Schiller Park615-60%$325,000$145,000124.1%
Arlington Heights52130-60%$322,500$275,00017.3%
Lemont1423-39.1%$318,500$319,500-0.3%

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