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West Cook News

Monday, November 25, 2024

Northlake home prices fall in May 2019

Re 11

The median sale price of a home sold in May 2019 in Northlake fell by $7,000 while total sales decreased by 40%, according to BlockShopper.com.

In May 2019, there were nine homes sold, with a median sale price of $193,000 - a 3.5% decrease over the $200,000 median sale price for the same period of the previous year. There were 15 homes sold in Northlake in May 2018.

The median sales tax in Northlake for the most recent year with available data, 2018, was $4,681, approximately 2.4% of the median home sale price for May 2019.

The following table compares Northlake 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)
Oak Forest58580%$199,500$205,250-2.8%
Indian Head Park913-30.8%$196,500$210,000-6.4%
Wheeling474211.9%$195,000$201,500-3.2%
Forest View24-50%$194,000$207,107-6.3%
Schiller Park12850%$193,500$220,500-12.2%
Northlake915-40%$193,000$200,000-3.5%
Cicero4453-17%$189,500$164,00015.5%
Alsip2023-13%$187,500$185,0001.4%
Tinley Park103111-7.2%$186,500$200,000-6.8%
Roselle69-33.3%$184,250$295,000-37.5%
Flossmoor2914107.1%$178,000$215,750-17.5%

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