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Friday, April 26, 2024

Orland Hills home prices fall in the second quarter of 2017

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The median sale price of a home sold in the second quarter of 2017 in Orland Hills fell by $250 while total sales increased by 4.2%, according to BlockShopper.com.

From April through June of 2017, there were 25 homes sold, with a median sale price of $204,000 - a 0.1% decrease over the $204,250 median sale price for the same period of the previous year. There were 24 homes sold in Orland Hills in the second 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 2.5%.

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

CityApr. - June 2017 Home SalesApr. - June 2016 Home Sales% change (Total Home Sales)Apr. - June 2017 Median Sales PriceApr. - June 2016 Median Sales Price% change (Median Sales Price)
Flossmoor664934.7%$212,000$153,00038.6%
Rolling Meadows1171106.4%$211,000$209,0001%
Des Plaines35731015.2%$210,000$203,5003.2%
Indian Head Park28280%$206,000$225,000-8.4%
River Grove2944-34.1%$205,000$182,00012.6%
Orland Hills25244.2%$204,000$204,250-0.1%
Berwyn199211-5.7%$200,000$188,0006.4%
Countryside1720-15%$199,000$172,25015.5%
Schaumburg44737718.6%$198,000$201,500-1.7%
Hanover Park87826.1%$198,000$179,50010.3%
Franklin Park786421.9%$196,500$176,75011.2%

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