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Friday, April 26, 2024

Westchester home prices rise in December 2018

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The median sale price of a home sold in December 2018 in Westchester rose by $29,000 while total sales increased by 56.3%, according to BlockShopper.com.

In December 2018, there were 25 homes sold, with a median sale price of $245,000 - a 13.4% increase over the $216,000 median sale price for the same period of the previous year. There were 16 homes sold in Westchester in December 2017.

The median sales tax in Westchester for the most recent year with available data, 2017, was $4,915, approximately 2% of the median home sale price for December 2018.

The following table compares Westchester to other Cook County cities with similar median sales prices in December 2018:

CityDec. 2018 Home SalesDec. 2017 Home Sales% change (Total Home Sales)Dec. 2018 Median Sales PriceDec. 2017 Median Sales Price% change (Median Sales Price)
Orland Park7376-3.9%$250,000$237,5005.3%
Norridge1315-13.3%$250,000$295,000-15.3%
North Riverside6450%$248,000$246,5000.6%
Orland Hills713-46.2%$245,500$150,00063.7%
Hoffman Estates5060-16.7%$245,000$254,250-3.6%
Westchester251656.3%$245,000$216,00013.4%
Palos Park151136.4%$240,000$315,000-23.8%
Harwood Heights1011-9.1%$235,000$238,000-1.3%
Broadview411-63.6%$231,500$191,50020.9%
Hillside411-63.6%$229,500$155,00048.1%
Rolling Meadows1625-36%$228,000$212,0007.5%

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