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Friday, April 26, 2024

Glencoe home prices fall in May 2019

Re 11

The median sale price of a home sold in May 2019 in Glencoe fell by $576,750 while total sales increased by 25%, according to BlockShopper.com.

In May 2019, there were 15 homes sold, with a median sale price of $692,000 - a 45.5% decrease over the $1,268,750 median sale price for the same period of the previous year. There were 12 homes sold in Glencoe in May 2018.

The median sales tax in Glencoe for the most recent year with available data, 2018, was $19,677, approximately 2.8% of the median home sale price for May 2019.

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

CityMay 2019 Home SalesMay 2018 Home Sales% change (Total Home Sales)May 2019 Median Sales PriceMay 2018 Median Sales Price% change (Median Sales Price)
Kenilworth18-87.5%$1,240,000$967,50028.2%
Golf20-$1,127,500$0-
Hinsdale28-75%$912,500$683,75033.5%
Northbrook West12-50%$880,000$385,000128.6%
South Barrington45-20%$817,500$650,00025.8%
Glencoe151225%$692,000$1,268,750-45.5%
Wilmette5156-8.9%$650,000$787,750-17.5%
Western Springs312524%$626,500$527,50018.8%
River Forest1327-51.9%$539,000$600,000-10.2%
Inverness1113-15.4%$505,000$523,000-3.4%
Burr Ridge9650%$465,000$583,500-20.3%

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