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Monday, October 21, 2019

Lincolnwood home prices fall 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 Lincolnwood fell by $194,500 while total sales decreased by 46.7%, according to BlockShopper.com.

In January 2019, there were eight homes sold, with a median sale price of $247,000 - a 44.1% decrease over the $441,500 median sale price for the same period of the previous year. There were 15 homes sold in Lincolnwood in January 2018.

The median sales tax in Lincolnwood for the most recent year with available data, 2017, was $7,326, approximately 3% of the median home sale price for January 2019.

The following table compares Lincolnwood 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)
Morton Grove
18
27
-33.3%
$254,250
$268,500
-5.3%
Elmwood Park
23
40
-42.5%
$253,000
$217,500
16.3%
Palos Heights
17
17
0%
$252,000
$230,000
9.6%
Willow Springs
8
10
-20%
$250,000
$174,250
43.5%
Orland Park
68
75
-9.3%
$249,750
$225,000
11%
Lincolnwood
8
15
-46.7%
$247,000
$441,500
-44.1%
Buffalo Grove
22
14
57.1%
$242,500
$152,500
59%
Palatine
60
81
-25.9%
$240,250
$228,000
5.4%
La Grange Park
13
19
-31.6%
$235,000
$360,000
-34.7%
Hoffman Estates
33
57
-42.1%
$232,500
$220,000
5.7%
Elk Grove Village
29
103
-71.8%
$232,000
$190,000
22.1%

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