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Wednesday, December 25, 2024

Orland Hills home prices fall in the first quarter of 2017

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The median sale price of a home sold in the first quarter of 2017 in Orland Hills fell by $36,000 while total sales increased by 53.3%, according to BlockShopper.com.

From January through March of 2017, there were 23 homes sold, with a median sale price of $179,000 - a 16.7% decrease over the $215,000 median sale price for the same period of the previous year. There were 15 homes sold in Orland Hills in the first quarter of 2016.

The median sales tax in Orland Hills for 2017 was $5,048.32. In 2016, the median sales tax was $4,777.60. This marks an increase of 5.7%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.8%.

The following table compares Orland Hills 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)
Countryside241926.3%$188,500$150,00025.7%
Elmwood Park66643.1%$182,750$174,2504.9%
Schaumburg2622495.2%$180,750$168,0007.6%
Elmhurst21100%$180,250$190,000-5.1%
Streamwood1551540.6%$180,000$157,25014.5%
Orland Hills231553.3%$179,000$215,000-16.7%
River Grove363116.1%$176,500$130,00035.8%
Stickney1821-14.3%$173,750$142,00022.4%
Bridgeview433813.2%$173,000$150,00015.3%
Burbank6971-2.8%$170,000$160,0006.3%
Melrose Park745242.3%$169,500$163,2503.8%

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