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Tuesday, December 24, 2024

Lynwood (Cook County) home prices rise in March 2017

Realestate2

The median sale price of a home sold in March 2017 in Lynwood in Cook County rose by $31,000 while total sales increased by 25%, according to BlockShopper.com.

In March 2017, there were 10 homes sold, with a median sale price of $142,500 - a 27.8% increase over the $111,500 median sale price for the same period of the previous year. There were eight homes sold in Lynwood in March 2016.

The median sales tax in Lynwood for 2017 was $4,907. In 2016, the median sales tax was $4,770. This marks an increase of 2.9%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.4%.

The following table compares Lynwood to other Cook County cities with similar median sales prices in March 2017:

CityMar. 2017 Home SalesMar. 2016 Home Sales% change (Total Home Sales)Mar. 2017 Median Sales PriceMar. 2016 Median Sales Price% change (Median Sales Price)
Berkeley711-36.4%$155,000$90,00072.2%
Franklin Park241833.3%$152,500$182,500-16.4%
Forest Park221546.7%$152,500$147,0003.7%
Palos Hills23219.5%$152,000$153,000-0.7%
Oak Lawn876435.9%$150,000$150,0000%
Lynwood10825%$142,500$111,50027.8%
Justice46-33.3%$139,750$108,25029.1%
Cicero584918.4%$135,000$145,000-6.9%
Oak Forest3133-6.1%$130,000$164,000-20.7%
Bedford Park10-$130,000$0-
Homewood292045%$129,000$84,00053.6%
* This story only considers sales data for the part of Lynwood that is in Cook County.

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