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Wednesday, November 27, 2024

Glencoe home prices fall in the first half of 2019

Realestate2

The median sale price of a home sold in the first half of 2019 in Glencoe fell by $55,500 while total sales decreased by 15.5%, according to BlockShopper.com.

From January through June of 2019, there were 71 homes sold, with a median sale price of $775,000 - a 6.7% decrease over the $830,500 median sale price for the same period of the previous year. There were 84 homes sold in Glencoe in the first half of 2018.

The median sales tax in Glencoe for the most recent year with available data, 2018, was $19,677, approximately 2.5% of the median home sale price for the first half of 2019.

The following table compares Glencoe to other Cook County cities with similar median sales prices in the first half of 2019:

CityJan. - June 2019 Home SalesJan. - June 2018 Home Sales% change (Total Home Sales)Jan. - June 2019 Median Sales PriceJan. - June 2018 Median Sales Price% change (Median Sales Price)
Winnetka104127-18.1%$1,169,500$960,00021.8%
Golf21100%$1,127,500$700,00061.1%
Northbrook West67-14.3%$877,500$348,000152.2%
Hinsdale2032-37.5%$862,500$717,50020.2%
Barrington Hills13130%$825,000$520,00058.7%
Glencoe7184-15.5%$775,000$830,500-6.7%
South Barrington2728-3.6%$700,000$650,0007.7%
Western Springs113120-5.8%$629,000$545,00015.4%
Wilmette218261-16.5%$612,500$700,000-12.5%
Inverness5759-3.4%$520,000$510,0002%
River Forest82109-24.8%$505,000$470,0007.4%

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