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North Cook News

Tuesday, November 5, 2024

Norridge home prices rise in May 2017

Re 7

The median sale price of a home sold in May 2017 in Norridge rose by $5,000 while total sales remained unchanged with 15 homes sold, according to BlockShopper.com.

In May 2017, there were 15 homes sold, with a median sale price of $270,000 - a 1.9% increase over the $265,000 median sale price for the same period of the previous year. There were 15 homes sold in Norridge in May 2016, as well.

The median sales tax in Norridge for 2017 was $4,782. In 2016, the median sales tax was $4,786. This marks an decrease of 0.1%. 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 Norridge 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)
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%
Norridge15150%$270,000$265,0001.9%
Niles39382.6%$265,000$259,7502%
Harwood Heights14875%$260,000$263,500-1.3%
Willow Springs711-36.4%$254,500$240,0006%
Orland Park1219133%$252,500$225,00012.2%
Hoffman Estates6371-11.3%$249,000$215,00015.8%

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