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Friday, April 19, 2024

Rosemont home prices fall in May 2017

Realestate4

The median sale price of a home sold in May 2017 in Rosemont fell by $126,750 while total sales remained unchanged with two homes sold, according to BlockShopper.com.

In May 2017, there were two homes sold, with a median sale price of $98,250 - a 56.3% decrease over the $225,000 median sale price for the same period of the previous year. There were two homes sold in Rosemont in May 2016, as well.

The median sales tax in Rosemont for 2017 was $5,696. In 2016, the median sales tax was $5,711. This marks an decrease of 0.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 5.8%.

The following table compares Rosemont 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)
Calumet Park58-37.5%$106,000$47,250124.3%
Hometown9650%$102,500$116,000-11.6%
Worth1214-14.3%$101,000$140,000-27.9%
Bridgeview13862.5%$101,000$182,250-44.6%
Country Club Hills322152.4%$99,250$115,000-13.7%
Rosemont220%$98,250$225,000-56.3%
Lyons916-43.8%$95,000$146,500-35.2%
Crestwood2310130%$87,000$106,000-17.9%
South Chicago Heights72250%$83,000$72,00015.3%
Steger58-37.5%$80,000$133,750-40.2%
Lansing59557.3%$77,000$100,000-23%

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