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Monday, May 6, 2024

Western Springs home prices rose in the third quarter of 2021

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The median sale price of a home sold in the third quarter of 2021 in Western Springs rose by $51,250 while total sales increased by 69.4%, according to BlockShopper.com.

From July through September of 2021, there were 105 homes sold, with a median sale price of $610,000 - a 9.2% increase over the $558,750 median sale price for the same period of the previous year. There were 62 homes sold in Western Springs in the third quarter of 2020.

The median sales tax in Western Springs for the most recent year with available data, 2019, was $10,400, approximately 1.7% of the median home sale price for the third quarter of 2021.

The following table compares Western Springs to other Cook County cities with similar median sale prices in the third quarter of 2021:

CityJuly - Sept. 2021 Home SalesJuly - Sept. 2020 Home Sales% change (Total Home Sales)July - Sept. 2021 Median Sales PriceJuly - Sept. 2020 Median Sales Price% change (Median Sales Price)
Fox Chase Estates10-$785,000$0-
Wilmette24792168.5%$765,000$641,50019.3%
Equestrian Estates330%$750,000$615,00022%
Hinsdale231291.7%$750,000$792,500-5.4%
Southmoor30-$685,000$0-
Western Springs1056269.4%$610,000$558,7509.2%
Burr Ridge382272.7%$577,500$621,000-7%
Inverness532796.3%$539,000$450,00019.8%
Glenview397158151.3%$525,000$439,25019.5%
Northbrook291109167%$520,000$435,00019.5%
Riverside5927118.5%$520,000$390,00033.3%

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