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Friday, July 11, 2025

Niles home prices rise in January 2017

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The median sale price of a home sold in January 2017 in Niles rose by $24,500 while total sales increased by 27.3%, according to BlockShopper.com.

In January 2017, there were 28 homes sold, with a median sale price of $258,500 - a 10.5% increase over the $234,000 median sale price for the same period of the previous year. There were 22 homes sold in Niles in January 2016.

The median sales tax in Niles for 2017 was $5,118. In 2016, the median sales tax was $5,185. This marks an decrease of 1.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2%.

The following table compares Niles to other Cook County cities with similar median sales prices in January 2017:

CityJan. 2017 Home SalesJan. 2016 Home Sales% change (Total Home Sales)Jan. 2017 Median Sales PriceJan. 2016 Median Sales Price% change (Median Sales Price)
Palos Park11837.5%$285,000$208,50036.7%
Bedford Park10-$285,000$0-
Prospect Heights1721-19%$270,000$221,00022.2%
Mount Prospect574139%$270,000$270,0000%
Morton Grove342254.5%$263,250$239,5009.9%
Niles282227.3%$258,500$234,00010.5%
Indian Head Park58-37.5%$255,000$186,00037.1%
La Grange181520%$255,000$365,000-30.1%
Westchester291593.3%$230,000$185,00024.3%
Bartlett2412100%$225,250$227,500-1%
Olympia Fields7616.7%$225,000$167,50034.3%

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