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Thursday, November 28, 2024

Niles home prices rise in the first half of 2019

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The median sale price of a home sold in the first half of 2019 in Niles rose by $6,500 while total sales decreased by 9.6%, according to BlockShopper.com.

From January through June of 2019, there were 188 homes sold, with a median sale price of $280,500 - a 2.4% increase over the $274,000 median sale price for the same period of the previous year. There were 208 homes sold in Niles in the first half 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 first half of 2019.

The following table compares Niles 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)
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%
Brookfield157171-8.2%$255,000$242,0005.4%
Orland Park477559-14.7%$255,000$247,0003.2%

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