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Monday, December 23, 2024

Lemont (Cook County) home prices fall in the first quarter of 2017

Realestate5

The median sale price of a home sold in the first quarter of 2017 in Lemont in Cook County fell by $55,000 while total sales decreased by 9.1%, according to BlockShopper.com.

From January through March of 2017, there were 50 homes sold, with a median sale price of $285,000 - a 16.2% decrease over the $340,000 median sale price for the same period of the previous year. There were 55 homes sold in Lemont in the first quarter of 2016.

The median sales tax in Lemont for 2017 was $6,719.60. In 2016, the median sales tax was $6,024.30. This marks an increase of 11.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.4%.

The following table compares Lemont to other Cook County cities with similar median sales prices in the first quarter of 2017:

CityJan. - Mar. 2017 Home SalesJan. - Mar. 2016 Home Sales% change (Total Home Sales)Jan. - Mar. 2017 Median Sales PriceJan. - Mar. 2016 Median Sales Price% change (Median Sales Price)
Forest River6450%$325,000$199,50062.9%
Oak Park1781657.9%$320,000$272,50017.4%
Evanston20218111.6%$320,000$300,0006.7%
Palos Park312334.8%$300,000$245,00022.4%
Skokie183190-3.7%$288,000$270,0006.7%
Lemont5055-9.1%$285,000$340,000-16.2%
La Grange Highlands12933.3%$285,000$310,000-8.1%
Glenbrook Countryside23-33.3%$280,250$312,500-10.3%
Arlington Heights27820535.6%$275,500$277,000-0.5%
Morton Grove857119.7%$275,500$239,00015.3%
Mount Prospect1491471.4%$270,000$270,0000%
* This story only considers sales data for the part of Lemont that is in Cook County.

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