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Thursday, April 25, 2024

Morton Grove home prices fall in January 2019

Re 11

The median sale price of a home sold in January 2019 in Morton Grove fell by $14,250 while total sales decreased by 33.3%, according to BlockShopper.com.

In January 2019, there were 18 homes sold, with a median sale price of $254,250 - a 5.3% decrease over the $268,500 median sale price for the same period of the previous year. There were 27 homes sold in Morton Grove in January 2018.

The median sales tax in Morton Grove for the most recent year with available data, 2017, was $6,406, approximately 2.5% of the median home sale price for January 2019.

The following table compares Morton Grove 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)
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%
Palos Heights17170%$252,000$230,0009.6%
Willow Springs810-20%$250,000$174,25043.5%
Orland Park6875-9.3%$249,750$225,00011%
Lincolnwood815-46.7%$247,000$441,500-44.1%

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