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Monday, November 25, 2024

River Grove home prices rise in October 2018

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The median sale price of a home sold in October 2018 in River Grove rose by $44,500 while total sales decreased by 64.7%, according to BlockShopper.com.

In October 2018, there were six homes sold, with a median sale price of $212,500 - a 26.5% increase over the $168,000 median sale price for the same period of the previous year. There were 17 homes sold in River Grove in October 2017.

The median sales tax in River Grove for the most recent year with available data, 2017, was $5,351, approximately 2.5% of the median home sale price for October 2018.

The following table compares River Grove 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)
Forest Park916-43.8%$221,000$186,75018.3%
Elgin940-77.5%$220,000$188,00017%
Rolling Meadows2529-13.8%$220,000$185,00018.9%
Orland Park49107-54.2%$217,000$235,000-7.7%
Summit58-37.5%$215,000$132,50062.3%
River Grove617-64.7%$212,500$168,00026.5%
Harwood Heights69-33.3%$211,250$279,000-24.3%
Justice416-75%$211,250$162,25030.2%
Wheeling2344-47.7%$210,000$188,50011.4%
Palatine67122-45.1%$210,000$225,000-6.7%
Prospect Heights720-65%$210,000$188,75011.3%

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