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Saturday, April 20, 2024

River Forest home prices rise in the first half of 2019

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The median sale price of a home sold in the first half of 2019 in River Forest rose by $35,000 while total sales decreased by 24.8%, according to BlockShopper.com.

From January through June of 2019, there were 82 homes sold, with a median sale price of $505,000 - a 7.4% increase over the $470,000 median sale price for the same period of the previous year. There were 109 homes sold in River Forest in the first half of 2018.

The median sales tax in River Forest for the most recent year with available data, 2018, was $12,931, approximately 2.6% of the median home sale price for the first half of 2019.

The following table compares River Forest 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)
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%
Burr Ridge2934-14.7%$465,000$481,250-3.4%
La Grange132173-23.7%$455,250$395,00015.3%
Barrington5360-11.7%$440,000$372,75018%

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