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Friday, April 19, 2024

Matteson (Cook County) 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 Matteson in Cook County fell by $5,250 while total sales increased by 45.2%, according to BlockShopper.com.

From April through June of 2017, there were 106 homes sold, with a median sale price of $134,750 - a 3.8% decrease over the $140,000 median sale price for the same period of the previous year. There were 73 homes sold in Matteson in the second quarter of 2016.

The median sales tax in Matteson for 2017 was $5,559.93. In 2016, the median sales tax was $5,326.70. This marks an increase of 4.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 4.1%.

The following table compares Matteson 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)
Cicero151175-13.7%$149,000$115,00029.6%
Bedford Park41300%$145,500$75,00094%
Alsip6874-8.1%$144,500$115,25025.4%
Lyons3440-15%$142,500$137,5003.6%
Summit331973.7%$140,000$150,000-6.7%
Matteson1067345.2%$134,750$140,000-3.8%
Rosemont46-33.3%$132,500$122,0008.6%
Midlothian57529.6%$131,000$106,25023.3%
Hodgkins110%$125,000$197,500-36.7%
Merrionette Park990%$125,000$105,00019%
Bellwood686111.5%$124,000$121,0002.5%
* This story only considers sales data for the part of Matteson that is in Cook County.

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