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Wednesday, November 27, 2024

Morton Grove home prices fall in the first half of 2019

Re 7

The median sale price of a home sold in the first half of 2019 in Morton Grove fell by $10,000 while total sales decreased by 2.9%, according to BlockShopper.com.

From January through June of 2019, there were 199 homes sold, with a median sale price of $285,000 - a 3.4% decrease over the $295,000 median sale price for the same period of the previous year. There were 205 homes sold in Morton Grove in the first half of 2018.

The median sales tax in Morton Grove for the most recent year with available data, 2018, was $6,368, approximately 2.2% of the median home sale price for the first half of 2019.

The following table compares Morton Grove 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)
Skokie374450-16.9%$313,500$314,250-0.2%
Arlington Heights618662-6.6%$294,500$320,000-8%
Mission Hills Estates69-33.3%$292,500$211,00038.6%
Mount Prospect3893685.7%$290,000$285,0001.8%
Norridge80101-20.8%$289,500$285,0001.6%
Morton Grove199205-2.9%$285,000$295,000-3.4%
Oak Park443473-6.3%$282,500$351,000-19.5%
Niles188208-9.6%$280,500$274,0002.4%
Harwood Heights4862-22.6%$264,000$266,500-0.9%
Palos Heights1301217.4%$263,500$270,000-2.4%
Prospect Heights103967.3%$260,000$241,2507.8%

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