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Saturday, April 20, 2024

Western Springs home prices rise in the first half of 2019

Realestate1

The median sale price of a home sold in the first half of 2019 in Western Springs rose by $84,000 while total sales decreased by 5.8%, according to BlockShopper.com.

From January through June of 2019, there were 113 homes sold, with a median sale price of $629,000 - a 15.4% increase over the $545,000 median sale price for the same period of the previous year. There were 120 homes sold in Western Springs in the first half of 2018.

The median sales tax in Western Springs for the most recent year with available data, 2018, was $10,231, approximately 1.6% of the median home sale price for the first half of 2019.

The following table compares Western Springs to other Cook County cities with similar median sales prices in the first half of 2019:

CityJan. - June 2019 Home SalesJan. - June 2018 Home Sales% change (Total Home Sales)Jan. - June 2019 Median Sales PriceJan. - June 2018 Median Sales Price% change (Median Sales Price)
Northbrook West67-14.3%$877,500$348,000152.2%
Hinsdale2032-37.5%$862,500$717,50020.2%
Barrington Hills13130%$825,000$520,00058.7%
Glencoe7184-15.5%$775,000$830,500-6.7%
South Barrington2728-3.6%$700,000$650,0007.7%
Western Springs113120-5.8%$629,000$545,00015.4%
Wilmette218261-16.5%$612,500$700,000-12.5%
Inverness5759-3.4%$520,000$510,0002%
River Forest82109-24.8%$505,000$470,0007.4%
Northfield594628.3%$493,500$447,00010.4%
Equestrian Estates25-60%$472,500$477,500-1%

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