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West Cook News

Wednesday, November 27, 2024

River Forest home prices fall in July 2019

Re 11

The median sale price of a home sold in July 2019 in River Forest fell by $318,000 while total sales decreased by 9.5%, according to BlockShopper.com.

In July 2019, there were 19 homes sold, with a median sale price of $242,000 - a 56.8% decrease over the $560,000 median sale price for the same period of the previous year. There were 21 homes sold in River Forest in July 2018.

The median sales tax in River Forest for the most recent year with available data, 2018, was $12,931, approximately 5.3% of the median home sale price for July 2019.

The following table compares River Forest to other Cook County cities with similar median sales prices in July 2019:

CityJuly 2019 Home SalesJuly 2018 Home Sales% change (Total Home Sales)July 2019 Median Sales PriceJuly 2018 Median Sales Price% change (Median Sales Price)
Northbrook West10-$250,000$0-
Rolling Meadows3557-38.6%$246,000$205,00020%
Brookfield3137-16.2%$245,000$275,000-10.9%
Buffalo Grove2943-32.6%$245,000$214,00014.5%
Forest Park2639-33.3%$242,500$210,00015.5%
River Forest1921-9.5%$242,000$560,000-56.8%
Des Plaines105119-11.8%$239,000$232,0003%
Elmwood Park3033-9.1%$238,500$250,000-4.6%
Elk Grove Village5267-22.4%$238,250$247,500-3.7%
Hillside711-36.4%$233,000$200,00016.5%
Broadview131118.2%$232,000$190,00022.1%

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