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Friday, November 22, 2019

Hanover Park (Cook County) home prices fall in May 2019

Real Estate

By Local Labs News Service | Jun 7, 2019

Realestate1

The median sale price of a home sold in May 2019 in Hanover Park in Cook County fell by $3,000 while total sales increased by 4.5%, according to BlockShopper.com.

In May 2019, there were 23 homes sold, with a median sale price of $223,000 - a 1.3% decrease over the $226,000 median sale price for the same period of the previous year. There were 22 homes sold in Hanover Park in May 2018.

The median sales tax in Hanover Park for the most recent year with available data, 2018, was $4,968, approximately 2.2% of the median home sale price for May 2019.

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

City
May 2019 Home Sales
May 2018 Home Sales
% change (Total Home Sales)
May 2019 Median Sales Price
May 2018 Median Sales Price
% change (Median Sales Price)
Harwood Heights
11
10
10%
$234,000
$252,500
-7.3%
Elmwood Park
30
30
0%
$231,000
$292,500
-21%
Berwyn
65
67
-3%
$230,000
$218,000
5.5%
Elk Grove Village
50
53
-5.7%
$227,500
$258,000
-11.8%
North Riverside
6
10
-40%
$224,500
$228,750
-1.9%
Hanover Park
23
22
4.5%
$223,000
$226,000
-1.3%
Burbank
41
36
13.9%
$220,000
$181,500
21.2%
Schaumburg
144
124
16.1%
$219,000
$189,500
15.6%
Melrose Park
24
29
-17.2%
$217,500
$217,500
0%
Olympia Fields
10
5
100%
$217,500
$225,000
-3.3%
Justice
9
11
-18.2%
$212,500
$180,000
18.1%
* This story only considers sales data for the part of Hanover Park that is in Cook County.

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