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West Cook News

Monday, November 25, 2024

River Grove home prices rise in May 2019

Realestate1

The median sale price of a home sold in May 2019 in River Grove rose by $112,500 while total sales increased by 37.5%, according to BlockShopper.com.

In May 2019, there were 11 homes sold, with a median sale price of $256,500 - a 78.1% increase over the $144,000 median sale price for the same period of the previous year. There were eight homes sold in River Grove in May 2018.

The median sales tax in River Grove for the most recent year with available data, 2018, was $5,336, approximately 2.1% of the median home sale price for May 2019.

The following table compares River Grove 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)
Forest River21100%$270,000$222,50021.3%
Palos Heights23224.5%$266,000$286,000-7%
Willow Springs1014-28.6%$264,500$317,500-16.7%
Orland Park96128-25%$263,750$266,250-0.9%
Rosemont220%$260,500$478,000-45.5%
River Grove11837.5%$256,500$144,00078.1%
Palatine1191180.8%$256,000$292,000-12.3%
Westchester363212.5%$252,000$247,0002%
Countryside13862.5%$250,000$116,000115.5%
Brookfield3541-14.6%$248,000$245,0001.2%
Hoffman Estates7584-10.7%$245,000$280,000-12.5%

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