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Wednesday, October 23, 2019

Elk Grove Village (Cook County) 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 Elk Grove Village in Cook County rose by $42,000 while total sales decreased by 71.8%, according to BlockShopper.com.

In January 2019, there were 29 homes sold, with a median sale price of $232,000 - a 22.1% increase over the $190,000 median sale price for the same period of the previous year. There were 103 homes sold in Elk Grove Village in January 2018.

The median sales tax in Elk Grove Village for the most recent year with available data, 2017, was $5,324, approximately 2.3% of the median home sale price for January 2019.

The following table compares Elk Grove Village 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)
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%
Melrose Park
16
20
-20%
$230,000
$169,000
36.1%
Roselle
3
6
-50%
$224,000
$174,750
28.2%
Westchester
17
22
-22.7%
$223,500
$225,000
-0.7%
Bartlett
12
18
-33.3%
$223,500
$183,000
22.1%
Forest View
2
1
100%
$222,500
$90,000
147.2%
* This story only considers sales data for the part of Elk Grove Village that is in Cook County.

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