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Monday, November 25, 2024

Rosemont home prices fall in the first quarter of 2017

Realestate5

The median sale price of a home sold in the first quarter of 2017 in Rosemont fell by $58,000 while total sales decreased by 14.3%, according to BlockShopper.com.

From January through March of 2017, there were six homes sold, with a median sale price of $362,000 - a 13.8% decrease over the $420,000 median sale price for the same period of the previous year. There were seven homes sold in Rosemont in the first quarter of 2016.

The median sales tax in Rosemont for 2017 was $5,695.89. In 2016, the median sales tax was $5,711.30. This marks an decrease of 0.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.6%.

The following table compares Rosemont to other Cook County cities with similar median sales prices in the first quarter of 2017:

CityJan. - Mar. 2017 Home SalesJan. - Mar. 2016 Home Sales% change (Total Home Sales)Jan. - Mar. 2017 Median Sales PriceJan. - Mar. 2016 Median Sales Price% change (Median Sales Price)
Golf10-$375,000$0-
Riverside362356.5%$370,000$235,00057.4%
Park Ridge118127-7.1%$367,250$365,0000.6%
Lincolnwood453625%$365,000$362,7500.6%
River Forest463821.1%$365,000$324,25012.6%
Rosemont67-14.3%$362,000$420,000-13.8%
La Grange Park433619.4%$362,000$287,00026.1%
La Grange494216.7%$357,000$333,7507%
Forest River6450%$325,000$199,50062.9%
Oak Park1781657.9%$320,000$272,50017.4%
Evanston20218111.6%$320,000$300,0006.7%

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