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West Cook News

Tuesday, April 23, 2024

River Grove 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 Grove rose by $36,500 while total sales decreased by 1.9%, according to BlockShopper.com.

From January through June of 2019, there were 53 homes sold, with a median sale price of $204,000 - a 21.8% increase over the $167,500 median sale price for the same period of the previous year. There were 54 homes sold in River Grove in the first half 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 first half of 2019.

The following table compares River Grove 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)
Des Plaines523557-6.1%$220,500$215,5002.3%
Stickney3746-19.6%$210,000$173,75020.9%
Melrose Park110134-17.9%$210,000$192,5009.1%
Forest River41300%$207,500$222,500-6.7%
Schaumburg637662-3.8%$205,000$190,0007.9%
River Grove5354-1.9%$204,000$167,50021.8%
Berkeley2836-22.2%$202,500$187,2508.1%
Orland Hills3348-31.3%$202,000$190,0006.3%
Franklin Park13010523.8%$200,500$210,000-4.5%
Forest View990%$200,000$205,000-2.4%
Rolling Meadows162206-21.4%$200,000$198,7500.6%

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