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Tuesday, November 26, 2024

Evanston home prices fall in the third quarter of 2018

Realestate2

The median sale price of a home sold in the third quarter of 2018 in Evanston fell by $5,500 while total sales decreased by 11.2%, according to BlockShopper.com.

From July through September of 2018, there were 302 homes sold, with a median sale price of $340,000 - a 1.6% decrease over the $345,500 median sale price for the same period of the previous year. There were 340 homes sold in Evanston in the third quarter of 2017.

The median sales tax in Evanston for the most recent year with available data, 2017, was $7,030.40, approximately 2.1% of the median home sale price for the third quarter of 2018.

The following table compares Evanston to other Cook County cities with similar median sales prices in the third quarter of 2018:

CityJuly - Sept. 2018 Home SalesJuly - Sept. 2017 Home Sales% change (Total Home Sales)July - Sept. 2018 Median Sales PriceJuly - Sept. 2017 Median Sales Price% change (Median Sales Price)
Oak Park259318-18.6%$352,000$321,5009.5%
Forest River13-66.7%$350,000$391,000-10.5%
Lincolnwood5153-3.8%$347,000$347,0000%
Mission Hills Estates880%$345,000$336,0002.7%
Palos Park48472.1%$345,000$350,000-1.4%
Evanston302340-11.2%$340,000$345,500-1.6%
Lemont8998-9.2%$339,000$332,5002%
Arlington Heights382456-16.2%$328,000$335,000-2.1%
La Grange Highlands1217-29.4%$319,750$334,000-4.3%
Morton Grove110161-31.7%$315,000$307,5002.4%
La Grange Park4657-19.3%$312,750$315,000-0.7%

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