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Wednesday, November 27, 2024

Prospect Heights 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 Prospect Heights rose by $18,750 while total sales increased by 7.3%, according to BlockShopper.com.

From January through June of 2019, there were 103 homes sold, with a median sale price of $260,000 - a 7.8% increase over the $241,250 median sale price for the same period of the previous year. There were 96 homes sold in Prospect Heights in the first half 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 first half of 2019.

The following table compares Prospect Heights 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)
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%
Elmwood Park157185-15.1%$255,000$255,0000%
North Riverside3542-16.7%$255,000$233,0009.4%
Forest Park143161-11.2%$248,000$215,00015.3%

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