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Monday, November 25, 2024

Harwood Heights home prices rise in the first quarter of 2017

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The median sale price of a home sold in the first quarter of 2017 in Harwood Heights rose by $50,000 while total sales increased by 37.5%, according to BlockShopper.com.

From January through March of 2017, there were 33 homes sold, with a median sale price of $270,000 - a 22.7% increase over the $220,000 median sale price for the same period of the previous year. There were 24 homes sold in Harwood Heights in the first quarter of 2016.

The median sales tax in Harwood Heights for 2017 was $4,757.28. In 2016, the median sales tax was $4,829.50. This marks an decrease of 1.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.8%.

The following table compares Harwood Heights 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)
La Grange Highlands12933.3%$285,000$310,000-8.1%
Glenbrook Countryside23-33.3%$280,250$312,500-10.3%
Arlington Heights27820535.6%$275,500$277,000-0.5%
Morton Grove857119.7%$275,500$239,00015.3%
Mount Prospect1491471.4%$270,000$270,0000%
Harwood Heights332437.5%$270,000$220,00022.7%
Willow Springs23230%$265,000$210,00026.2%
Niles967528%$258,500$242,0006.8%
Norridge47470%$255,000$247,0003.2%
Prospect Heights4145-8.9%$250,000$240,0004.2%
Palos Heights3639-7.7%$244,000$215,00013.5%

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