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Tuesday, April 16, 2024

Evanston home prices rise in May 2017

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The median sale price of a home sold in May 2017 in Evanston rose by $21,250 while total sales increased by 40.7%, according to BlockShopper.com.

In May 2017, there were 114 homes sold, with a median sale price of $336,250 - a 6.7% increase over the $315,000 median sale price for the same period of the previous year. There were 81 homes sold in Evanston in May 2016.

The median sales tax in Evanston for 2017 was $7,030. In 2016, the median sales tax was $6,945. This marks an increase of 1.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.1%.

The following table compares Evanston 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)
Park Ridge64598.5%$412,500$350,00017.9%
Riverside1419-26.3%$404,500$310,00030.5%
La Grange Park2023-13%$382,500$327,00017%
Lincolnwood151136.4%$355,500$510,000-30.3%
Oak Park90100-10%$341,750$411,500-17%
Evanston1148140.7%$336,250$315,0006.7%
Northbrook West41300%$330,000$345,000-4.3%
Arlington Heights14811528.7%$321,000$317,5001.1%
Lemont2021-4.8%$305,000$368,000-17.1%
Mount Prospect72694.3%$300,250$320,000-6.2%
Morton Grove423616.7%$297,500$268,50010.8%

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