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Thursday, April 18, 2024

Northlake home prices rise in December 2018

Realestate5

The median sale price of a home sold in December 2018 in Northlake rose by $10,750 while total sales decreased by 16.7%, according to BlockShopper.com.

In December 2018, there were 15 homes sold, with a median sale price of $175,000 - a 6.5% increase over the $164,250 median sale price for the same period of the previous year. There were 18 homes sold in Northlake in December 2017.

The median sales tax in Northlake for the most recent year with available data, 2017, was $4,756, approximately 2.7% of the median home sale price for December 2018.

The following table compares Northlake 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)
Oak Forest2943-32.6%$182,500$165,00010.6%
Indian Head Park516-68.8%$182,000$237,500-23.4%
Palatine1078230.5%$182,000$197,750-8%
Justice1011-9.1%$176,250$150,00017.5%
Forest Park1323-43.5%$175,000$252,000-30.6%
Northlake1518-16.7%$175,000$164,2506.5%
Elmwood Park2430-20%$174,750$237,000-26.3%
Evergreen Park1928-32.1%$172,000$167,5002.7%
Oak Lawn6179-22.8%$171,000$175,000-2.3%
Olympia Fields550%$170,000$185,000-8.1%
Lyons513-61.5%$170,000$185,000-8.1%

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