Quantcast

North Cook News

Thursday, November 28, 2024

Niles home prices rise in the second quarter of 2019

Re 5

The median sale price of a home sold in the second quarter of 2019 in Niles rose by $10,000 while total sales increased by 4.8%, according to BlockShopper.com.

From April through June of 2019, there were 131 homes sold, with a median sale price of $290,000 - a 3.6% increase over the $280,000 median sale price for the same period of the previous year. There were 125 homes sold in Niles in the second quarter of 2018.

The median sales tax in Niles for the most recent year with available data, 2018, was $5,078, approximately 1.8% of the median home sale price for the second quarter of 2019.

The following table compares Niles to other Cook County cities with similar median sales prices in the second quarter of 2019:

CityApr. - June 2019 Home SalesApr. - June 2018 Home Sales% change (Total Home Sales)Apr. - June 2019 Median Sales PriceApr. - June 2018 Median Sales Price% change (Median Sales Price)
Skokie223262-14.9%$315,500$313,5000.6%
Palos Park5359-10.2%$310,000$335,000-7.5%
Mount Prospect238254-6.3%$309,500$295,0004.9%
Arlington Heights401428-6.3%$302,500$323,000-6.3%
Morton Grove13211910.9%$301,500$305,000-1.1%
Niles1311254.8%$290,000$280,0003.6%
Norridge5659-5.1%$288,250$285,0001.1%
Forest River21100%$270,000$222,50021.3%
Harwood Heights2536-30.6%$268,000$262,0002.3%
Mission Hills Estates24-50%$267,500$295,000-9.3%
Palos Heights84813.7%$266,750$279,000-4.4%

MORE NEWS