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Wednesday, November 27, 2024

Prospect Heights home prices rise in the second quarter of 2019

Realestate077

The median sale price of a home sold in the second quarter of 2019 in Prospect Heights rose by $20,000 while total sales increased by 17.5%, according to BlockShopper.com.

From April through June of 2019, there were 67 homes sold, with a median sale price of $260,000 - a 8.3% increase over the $240,000 median sale price for the same period of the previous year. There were 57 homes sold in Prospect Heights in the second quarter of 2018.

The median sales tax in Prospect Heights for the most recent year with available data, 2018, was $6,334, approximately 2.4% of the median home sale price for the second quarter of 2019.

The following table compares Prospect Heights 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)
Mission Hills Estates24-50%$267,500$295,000-9.3%
Palos Heights84813.7%$266,750$279,000-4.4%
Palatine376465-19.1%$265,000$275,000-3.6%
Orland Park304351-13.4%$260,000$262,000-0.8%
Brookfield101113-10.6%$260,000$244,0006.6%
Prospect Heights675717.5%$260,000$240,0008.3%
Willow Springs2937-21.6%$259,000$319,000-18.8%
Hoffman Estates219257-14.8%$258,500$265,000-2.5%
Elmwood Park90101-10.9%$255,000$277,500-8.1%
Bartlett93108-13.9%$255,000$237,5007.4%
Westchester94112-16.1%$248,500$244,0001.8%

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