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South Cook News

Tuesday, November 26, 2024

South Holland home prices rise in February 2017

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The median sale price of a home sold in February 2017 in South Holland rose by $38,500 while total sales increased by 18.8%, according to BlockShopper.com.

In February 2017, there were 38 homes sold, with a median sale price of $110,500 - a 53.5% increase over the $72,000 median sale price for the same period of the previous year. There were 32 homes sold in South Holland in February 2016.

The median sales tax in South Holland for 2017 was $4,648. In 2016, the median sales tax was $4,435. This marks an increase of 4.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 4.2%.

The following table compares South Holland to other Cook County cities with similar median sales prices in February 2017:

CityFeb. 2017 Home SalesFeb. 2016 Home Sales% change (Total Home Sales)Feb. 2017 Median Sales PriceFeb. 2016 Median Sales Price% change (Median Sales Price)
Bellwood2231-29%$125,500$85,50046.8%
Palos Hills1119-42.1%$121,000$126,500-4.3%
Midlothian916-43.8%$120,000$117,0002.6%
Glenwood131118.2%$115,000$129,000-10.9%
Posen6520%$113,500$80,00041.9%
South Holland383218.8%$110,500$72,00053.5%
Hillside10911.1%$102,750$105,000-2.1%
Crestwood171154.5%$102,000$82,00024.4%
Chicago Ridge181338.5%$98,500$125,000-21.2%
Richton Park15147.1%$97,500$54,00080.6%
Matteson20195.3%$97,000$130,000-25.4%

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