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Monday, October 21, 2019

Niles home prices rise in January 2019

Real Estate

By Local Labs News Service | Feb 7, 2019


The median sale price of a home sold in January 2019 in Niles rose by $10,750 while total sales decreased by 33.3%, according to BlockShopper.com.

In January 2019, there were 20 homes sold, with a median sale price of $263,250 - a 4.3% increase over the $252,500 median sale price for the same period of the previous year. There were 30 homes sold in Niles in January 2018.

The median sales tax in Niles for the most recent year with available data, 2017, was $5,118, approximately 1.9% of the median home sale price for January 2019.

The following table compares Niles to other Cook County cities with similar median sales prices in January 2019:

City
Jan. 2019 Home Sales
Jan. 2018 Home Sales
% change (Total Home Sales)
Jan. 2019 Median Sales Price
Jan. 2018 Median Sales Price
% change (Median Sales Price)
Skokie
43
67
-35.8%
$287,000
$340,000
-15.6%
Arlington Heights
66
94
-29.8%
$284,750
$275,000
3.5%
Harwood Heights
9
13
-30.8%
$282,500
$300,000
-5.8%
Brookfield
20
15
33.3%
$277,500
$235,000
18.1%
Norridge
7
16
-56.3%
$270,000
$271,000
-0.4%
Niles
20
30
-33.3%
$263,250
$252,500
4.3%
Evanston
45
72
-37.5%
$260,000
$362,500
-28.3%
Mount Prospect
49
45
8.9%
$260,000
$270,000
-3.7%
North Riverside
5
7
-28.6%
$259,000
$220,000
17.7%
Morton Grove
18
27
-33.3%
$254,250
$268,500
-5.3%
Elmwood Park
23
40
-42.5%
$253,000
$217,500
16.3%

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