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Wednesday, November 27, 2024

What happened to the median home price in Norridge during April?

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The median sale price of a home sold in April in Norridge rose by $136,250 while total sales decreased by 84 percent, according to BlockShopper.com.

In April, there were four homes sold, with a median sale price of $466,250 - a 41.3 percent increase over the $330,000 median sale price for the same period of the previous year. There were 25 homes sold in Norridge in April 2021.

The median sales tax in Norridge for the most recent year with available data, 2019, was $5,227, approximately 1.1 percent of the median home sale price for April.

The following table compares Norridge to other Cook County cities with similar median sale prices in April:

CityApril 2022 Home SalesApril 2021 Home Sales% change (Total Home Sales)April 2022 Median Sales PriceApril 2021 Median Sales Price% change (Median Sales Price)
Inverness519-73.7$597,000$680,000-12.2
Rosemont19-88.9$585,000$426,00037.3
Willow Springs222-90.9$500,000$308,25062.2
Park Ridge11103-89.3$500,000$485,0003.1
Oak Park14168-91.7$492,000$365,00034.8
Norridge425-84$466,250$330,00041.3
Bridgeview427-85.2$460,000$223,500105.8
Palos Park418-77.8$430,000$433,500-0.8
Evanston8122-93.4$427,500$367,50016.3
Lemont335-91.4$415,000$350,00018.6
Mount Prospect688-93.2$415,000$304,50036.3

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