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Friday, April 26, 2024

Niles home prices rise in January 2019

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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:

CityJan. 2019 Home SalesJan. 2018 Home Sales% change (Total Home Sales)Jan. 2019 Median Sales PriceJan. 2018 Median Sales Price% change (Median Sales Price)
Skokie4367-35.8%$287,000$340,000-15.6%
Arlington Heights6694-29.8%$284,750$275,0003.5%
Harwood Heights913-30.8%$282,500$300,000-5.8%
Brookfield201533.3%$277,500$235,00018.1%
Norridge716-56.3%$270,000$271,000-0.4%
Niles2030-33.3%$263,250$252,5004.3%
Evanston4572-37.5%$260,000$362,500-28.3%
Mount Prospect49458.9%$260,000$270,000-3.7%
North Riverside57-28.6%$259,000$220,00017.7%
Morton Grove1827-33.3%$254,250$268,500-5.3%
Elmwood Park2340-42.5%$253,000$217,50016.3%

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