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Tuesday, November 26, 2024

Skokie home prices rise in the third quarter of 2018

Realestate5

The median sale price of a home sold in the third quarter of 2018 in Skokie rose by $20,000 while total sales decreased by 11.5%, according to BlockShopper.com.

From July through September of 2018, there were 239 homes sold, with a median sale price of $305,000 - a 7% increase over the $285,000 median sale price for the same period of the previous year. There were 270 homes sold in Skokie in the third quarter of 2017.

The median sales tax in Skokie for the most recent year with available data, 2017, was $5,790.80, approximately 1.9% of the median home sale price for the third quarter of 2018.

The following table compares Skokie 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)
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%
Skokie239270-11.5%$305,000$285,0007%
Hodgkins20-$302,250$0-
Mount Prospect220237-7.2%$300,000$292,5002.6%
Norridge5368-22.1%$285,000$295,500-3.6%
Palos Heights685523.6%$275,000$255,0007.8%
Niles136137-0.7%$269,500$268,5000.4%

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