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Friday, April 26, 2024

River Grove home prices rise in the second quarter of 2019

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The median sale price of a home sold in the second quarter of 2019 in River Grove rose by $39,500 while total sales increased by 25.9%, according to BlockShopper.com.

From April through June of 2019, there were 34 homes sold, with a median sale price of $204,500 - a 23.9% increase over the $165,000 median sale price for the same period of the previous year. There were 27 homes sold in River Grove in the second quarter of 2018.

The median sales tax in River Grove for the most recent year with available data, 2018, was $5,336, approximately 2.6% of the median home sale price for the second quarter of 2019.

The following table compares River Grove to other Cook County cities with similar median sales prices in the second quarter of 2019:

CityApr. - June 2019 Home SalesApr. - June 2018 Home Sales% change (Total Home Sales)Apr. - June 2019 Median Sales PriceApr. - June 2018 Median Sales Price% change (Median Sales Price)
Berkeley1427-48.1%$217,500$200,0008.8%
Buffalo Grove88108-18.5%$213,500$209,0002.2%
Schaumburg396401-1.2%$213,000$196,5008.4%
Melrose Park6384-25%$212,000$200,0006%
Rolling Meadows104132-21.2%$211,000$217,500-3%
River Grove342725.9%$204,500$165,00023.9%
Hillside2731-12.9%$204,000$190,0007.4%
Tinley Park286358-20.1%$202,500$200,0001.3%
Burbank1101027.8%$202,000$183,50010.1%
Franklin Park776028.3%$201,000$210,750-4.6%
Streamwood228247-7.7%$201,000$190,5005.5%

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