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North Cook News

Tuesday, November 5, 2024

Wilmette home prices fall in May 2017

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The median sale price of a home sold in May 2017 in Wilmette fell by $22,000 while total sales increased by 25.5%, according to BlockShopper.com.

In May 2017, there were 64 homes sold, with a median sale price of $665,500 - a 3.2% decrease over the $687,500 median sale price for the same period of the previous year. There were 51 homes sold in Wilmette in May 2016.

The median sales tax in Wilmette for 2017 was $12,133. In 2016, the median sales tax was $11,884. This marks an increase of 2.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.8%.

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

CityMay 2017 Home SalesMay 2016 Home Sales% change (Total Home Sales)May 2017 Median Sales PriceMay 2016 Median Sales Price% change (Median Sales Price)
Kenilworth133333.3%$1,120,000$1,900,000-41.1%
Winnetka1619-15.8%$862,500$980,000-12%
Barrington Hills31200%$790,000$180,000338.9%
Wilmette645125.5%$665,500$687,500-3.2%
Equestrian Estates10-$625,000$0-
Burr Ridge161060%$611,250$497,50022.9%
Glencoe191346.2%$610,000$1,145,000-46.7%
South Barrington83166.7%$589,000$725,000-18.8%
Western Springs2223-4.3%$558,750$550,0001.6%
Hinsdale5366.7%$555,000$421,00031.8%
La Grange312240.9%$539,000$450,75019.6%

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