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Saturday, April 20, 2024

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

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The median sale price of a home sold in the first half of 2017 in Lemont in Cook County fell by $21,000 while total sales decreased by 7.4%, according to BlockShopper.com.

From January through June of 2017, there were 113 homes sold, with a median sale price of $320,000 - a 6.2% decrease over the $341,000 median sale price for the same period of the previous year. There were 122 homes sold in Lemont in the first half of 2016.

The median sales tax in Lemont for 2017 was $6,720. In 2016, the median sales tax was $6,024. 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 2.1%.

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

CityJan. - June 2017 Home SalesJan. - June 2016 Home Sales% change (Total Home Sales)Jan. - June 2017 Median Sales PriceJan. - June 2016 Median Sales Price% change (Median Sales Price)
Oak Park494499-1%$337,500$340,500-0.9%
Evanston5245034.2%$336,750$315,0006.9%
Forest River115120%$335,000$259,00029.3%
Rosemont1013-23.1%$334,500$132,000153.4%
Glenbrook Countryside880%$327,500$360,000-9%
Lemont113122-7.4%$320,000$341,000-6.2%
Arlington Heights72159521.2%$300,000$285,0005.3%
Palos Park705040%$295,500$279,0005.9%
La Grange Highlands242020%$292,500$362,500-19.3%
Skokie4674474.5%$292,000$283,0003.2%
Morton Grove19817314.5%$290,000$260,00011.5%
* This story only considers sales data for the part of Lemont that is in Cook County.

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