In March 2017, there were 20 homes sold, with a median sale price of $167,250 - a 21.6% increase over the $137,500 median sale price for the same period of the previous year. There were 10 homes sold in Hanover Park in March 2016.
The median sales tax in Hanover Park for 2017 was $4,932. In 2016, the median sales tax was $5,008. 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 2.9%.
The following table compares Hanover Park to other Cook County cities with similar median sales prices in March 2017:
| City | Mar. 2017 Home Sales | Mar. 2016 Home Sales | % change (Total Home Sales) | Mar. 2017 Median Sales Price | Mar. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Des Plaines | 86 | 69 | 24.6% | $179,000 | $200,000 | -10.5% |
| Palatine | 109 | 78 | 39.7% | $175,000 | $215,000 | -18.6% |
| Wheeling | 41 | 41 | 0% | $174,000 | $139,500 | 24.7% |
| Melrose Park | 30 | 18 | 66.7% | $173,500 | $157,500 | 10.2% |
| Tinley Park | 84 | 59 | 42.4% | $171,750 | $185,000 | -7.2% |
| Hanover Park | 20 | 10 | 100% | $167,250 | $137,500 | 21.6% |
| Roselle | 3 | 5 | -40% | $167,000 | $154,000 | 8.4% |
| Elgin | 34 | 21 | 61.9% | $157,500 | $148,000 | 6.4% |
| Berkeley | 7 | 11 | -36.4% | $155,000 | $90,000 | 72.2% |
| Franklin Park | 24 | 18 | 33.3% | $152,500 | $182,500 | -16.4% |
| Forest Park | 22 | 15 | 46.7% | $152,500 | $147,000 | 3.7% |
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