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North Cook News

Tuesday, November 26, 2024

Des Plaines home prices fall in the third quarter of 2018

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The median sale price of a home sold in the third quarter of 2018 in Des Plaines fell by $16,750 while total sales decreased by 5.2%, according to BlockShopper.com.

From July through September of 2018, there were 330 homes sold, with a median sale price of $219,500 - a 7.1% decrease over the $236,250 median sale price for the same period of the previous year. There were 348 homes sold in Des Plaines in the third quarter of 2017.

The median sales tax in Des Plaines for the most recent year with available data, 2017, was $4,483.40, approximately 2% of the median home sale price for the third quarter of 2018.

The following table compares Des Plaines 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)
Buffalo Grove8691-5.5%$229,500$243,500-5.7%
Prospect Heights66618.2%$226,750$275,000-17.5%
Rolling Meadows116127-8.7%$223,500$223,0000.2%
Hickory Hills564524.4%$222,500$187,00019%
Indian Head Park2430-20%$220,500$226,500-2.6%
Des Plaines330348-5.2%$219,500$236,250-7.1%
Olympia Fields37348.8%$215,000$183,50017.2%
Palatine412431-4.4%$215,000$260,000-17.3%
Hanover Park6782-18.3%$206,000$180,00014.4%
Franklin Park756613.6%$205,000$189,0008.5%
Berkeley22220%$203,250$189,0007.5%

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