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West Cook News

Monday, November 25, 2024

Oak Park home prices rise in May 2019

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The median sale price of a home sold in May 2019 in Oak Park rose by $36,250 while total sales decreased by 20.2%, according to BlockShopper.com.

In May 2019, there were 75 homes sold, with a median sale price of $370,000 - a 10.9% increase over the $333,750 median sale price for the same period of the previous year. There were 94 homes sold in Oak Park in May 2018.

The median sales tax in Oak Park for the most recent year with available data, 2018, was $10,430, approximately 2.8% of the median home sale price for May 2019.

The following table compares Oak Park to other Cook County cities with similar median sales prices in May 2019:

CityMay 2019 Home SalesMay 2018 Home Sales% change (Total Home Sales)May 2019 Median Sales PriceMay 2018 Median Sales Price% change (Median Sales Price)
Northbrook685523.6%$417,500$450,000-7.2%
La Grange2934-14.7%$412,500$403,7502.2%
Park Ridge706212.9%$412,500$382,5007.8%
Lincolnwood1014-28.6%$402,750$382,5005.3%
Barrington69-33.3%$379,500$332,00014.3%
Oak Park7594-20.2%$370,000$333,75010.9%
La Grange Park231735.3%$355,000$340,0004.4%
Palos Park18175.9%$350,000$355,000-1.4%
La Grange Highlands52150%$340,000$491,000-30.8%
Deercrest Estates6520%$339,250$250,50035.4%
Evanston1028421.4%$326,500$347,000-5.9%

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