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Wednesday, April 24, 2024

Niles home prices rise in May 2019

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The median sale price of a home sold in May 2019 in Niles rose by $25,000 while total sales increased by 17%, according to BlockShopper.com.

In May 2019, there were 55 homes sold, with a median sale price of $310,000 - a 8.8% increase over the $285,000 median sale price for the same period of the previous year. There were 47 homes sold in Niles in May 2018.

The median sales tax in Niles for the most recent year with available data, 2018, was $5,078, approximately 1.6% of the median home sale price for May 2019.

The following table compares Niles 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)
Deercrest Estates6520%$339,250$250,50035.4%
Evanston1028421.4%$326,500$347,000-5.9%
Lemont2627-3.7%$317,000$268,00018.3%
Mount Prospect948017.5%$313,500$292,0007.4%
Northfield151136.4%$312,500$795,000-60.7%
Niles554717%$310,000$285,0008.8%
Skokie8793-6.5%$310,000$314,000-1.3%
Arlington Heights1421373.6%$290,000$330,000-12.1%
Prospect Heights272128.6%$285,000$222,00028.4%
Morton Grove504025%$281,000$290,000-3.1%
Norridge261752.9%$271,250$271,500-0.1%

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