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West Cook News

Tuesday, November 26, 2024

Franklin Park home prices rise in October 2018

Re 10

The median sale price of a home sold in October 2018 in Franklin Park rose by $5,500 while total sales decreased by 78.4%, according to BlockShopper.com.

In October 2018, there were eight homes sold, with a median sale price of $205,000 - a 2.8% increase over the $199,500 median sale price for the same period of the previous year. There were 37 homes sold in Franklin Park in October 2017.

The median sales tax in Franklin Park for the most recent year with available data, 2017, was $5,219, approximately 2.5% of the median home sale price for October 2018.

The following table compares Franklin Park 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)
Palatine67122-45.1%$210,000$225,000-6.7%
Prospect Heights720-65%$210,000$188,75011.3%
Thornton15-80%$208,000$91,000128.6%
Elmwood Park1626-38.5%$208,000$248,250-16.2%
Elk Grove Village1437-62.2%$206,750$232,500-11.1%
Franklin Park837-78.4%$205,000$199,5002.8%
Stickney510-50%$205,000$167,50022.4%
Melrose Park1025-60%$203,500$190,0007.1%
Northlake821-61.9%$202,500$175,00015.7%
Streamwood3164-51.6%$201,000$192,0004.7%
Oak Park2777-64.9%$200,000$281,500-29%

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