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Thursday, November 28, 2024

Niles home prices fall in June 2019

Realestate5

The median sale price of a home sold in June 2019 in Niles fell by $31,750 while total sales decreased by 26.5%, according to BlockShopper.com.

In June 2019, there were 36 homes sold, with a median sale price of $267,250 - a 10.6% decrease over the $299,000 median sale price for the same period of the previous year. There were 49 homes sold in Niles in June 2018.

The median sales tax in Niles for the most recent year with available data, 2018, was $5,078, approximately 1.9% of the median home sale price for June 2019.

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

CityJune 2019 Home SalesJune 2018 Home Sales% change (Total Home Sales)June 2019 Median Sales PriceJune 2018 Median Sales Price% change (Median Sales Price)
Mount Prospect98971%$300,000$315,000-4.8%
Harwood Heights819-57.9%$288,500$262,00010.1%
Brookfield3641-12.2%$276,000$237,50016.2%
Palatine134229-41.5%$271,250$288,000-5.8%
Flossmoor1927-29.6%$270,000$204,50032%
Niles3649-26.5%$267,250$299,000-10.6%
Bartlett3750-26%$265,000$267,000-0.7%
North Riverside711-36.4%$265,000$231,00014.7%
Lincolnwood1420-30%$264,000$305,500-13.6%
Hoffman Estates8198-17.3%$262,000$265,000-1.1%
Forest Park3135-11.4%$260,000$225,00015.6%

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