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Monday, November 25, 2024

Morton Grove home prices fall in May 2019

Re 1

The median sale price of a home sold in May 2019 in Morton Grove fell by $9,000 while total sales increased by 25%, according to BlockShopper.com.

In May 2019, there were 50 homes sold, with a median sale price of $281,000 - a 3.1% decrease over the $290,000 median sale price for the same period of the previous year. There were 40 homes sold in Morton Grove in May 2018.

The median sales tax in Morton Grove for the most recent year with available data, 2018, was $6,368, approximately 2.3% of the median home sale price for May 2019.

The following table compares Morton Grove 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)
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%
Forest River21100%$270,000$222,50021.3%
Palos Heights23224.5%$266,000$286,000-7%
Willow Springs1014-28.6%$264,500$317,500-16.7%
Orland Park96128-25%$263,750$266,250-0.9%

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