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Monday, November 25, 2024

Northlake home prices rise in October 2018

Re 9

The median sale price of a home sold in October 2018 in Northlake rose by $27,500 while total sales decreased by 61.9%, according to BlockShopper.com.

In October 2018, there were eight homes sold, with a median sale price of $202,500 - a 15.7% increase over the $175,000 median sale price for the same period of the previous year. There were 21 homes sold in Northlake in October 2017.

The median sales tax in Northlake for the most recent year with available data, 2017, was $4,756, approximately 2.3% of the median home sale price for October 2018.

The following table compares Northlake 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)
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%
Hillside513-61.5%$193,500$180,0007.5%
Tinley Park3891-58.2%$193,000$180,5006.9%
Oak Lawn49101-51.5%$190,000$162,50016.9%

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