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Tuesday, November 5, 2024

Arlington Heights (Cook County) home prices rise in May 2017

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The median sale price of a home sold in May 2017 in Arlington Heights in Cook County rose by $3,500 while total sales increased by 28.7%, according to BlockShopper.com.

In May 2017, there were 148 homes sold, with a median sale price of $321,000 - a 1.1% increase over the $317,500 median sale price for the same period of the previous year. There were 115 homes sold in Arlington Heights in May 2016.

The median sales tax in Arlington Heights for 2017 was $7,193. In 2016, the median sales tax was $7,036. This marks an increase of 2.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.2%.

The following table compares Arlington Heights 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)
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%
Skokie1007926.6%$279,500$285,000-1.9%
Deercrest Estates4333.3%$271,000$435,000-37.7%
* This story only considers sales data for the part of Arlington Heights that is in Cook County.

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